My Analysis and Trade reviews

i see following points of improvements -
1. Nifty had already failed break 6150( major support) and made pb deeper to up then expected so chances of another big down move were lesser.
2. There should be targets orders placed already as volatility is high and it may reach target and not give you chance to exit and reverse.
3. S.L above break candle.
4. Nifty should be watched to manage trade, @ 1033 nifty gave a bear candle only to into sideways in following candles which clearly indicated loss of momentum.

Considering all this 1009 low break was a better place to short and SBI, Axis had better structure than BOI.

CIPLA REVIEW -

YesBank Review-
Market data is not always simple to interpret, sometimes there is so much noise that it's best to leave it altogether and not take any trade, sometimes you can zoom into smaller timeframe to see if you can make any sense to it. Today's yesbank trade is an example of it, knew that strength is in down and trade should be down but couldnt understand action in 3 min tf to make an entry so zoomed to 1 min.
A trading timeframe trend maybe composed of many uptrends/downtrends, so we use this funda to make an entry. We want to short it in 3 min tf so we wait
for uptrend in 1 min tf(pullback of our 3 min downtrend) to change to downtrend
and then we make an entry.

Tomorrow morning we have a big event, infy quarterly results. It starts the earnings season so traders are most excited about it and it shows in the price on the results day. There is usually a big gap and around 10% price move. Lets suppose tomorrow too it has a gap, levels to watch are - 3580, 3450, 3265, 3160.

If its a big gap above 3600 - it has already been in uptrend so i doubt many big people are left to sustain this gap up and move infy higher. So i would be expecting initial profit booking leading to selling then maybe support around 3600 or any new level it makes tomorrow and move higher.

If its a gap down - we may see more panic selling as people holding longs fight to exit. Levels mentioned above should be watched then.

A low probability event maybe that it turns out to be a no-event i.e not very much volume or gap in which case there is nothing in it to trade.

I will be watching 1 min timeframe, trading new low/highs depending on the momentum trailing stop loss above below the candles or price action i find suitable.
Patterns to be watched out for will be bull/bear flag, levels are already mentioned above.

I may be proved completely wrong tomorrow morning so i will change plans and trade accordingly.

better than expected numbers and raised guidance, looks like we are going to have a gap up...raised guidance is particularly important as market is forward looking, looks like we will have a gap up.

better than expected numbers and still just 1.13 % high !!, thats not good, lets see how 3480 acts, higher level is 3580.

went long above 3490 after test of 3480 for days high...simple R to S play.

3530 is the level now, selling coming from here, so if it sustains above it now 3570 may be on cards, will be expecting acceleration above 3540, 50, will also try breakout
entry above 3530 with tight stop loss.
also long in hcl from 1273.55.

out of hcl +20,
infy had order above 3530 but it jumped above and i couldnt enter then, but entered long few minutes later as it tested 3530.
3560, 3545 are the levels to watch now.

Infy review -