Diary of a day trader - Part 2

[del_66]

The market goes up, Reliance goes down

It had to today.. just look @ candles in daily chart.. just hope that it will catch up with nifty next week...

 

[EagleOne]

Lo ji, CE or PE ka juice nikalna chaaloo. That means, Option buyers ki pee- pee nikalna chaalu.

 

[EagleOne]

................deleted........................

 

[Trade in Index]

Trying to learn. Some questions for anyone willing to answer:
-1 short and 1 long are marked in chart. Are these 2 of those tradable moves?
-Any better entry/exit for them?

-For the up move in the morning, how to enter it?

-go long above 6110 ??
-go short below 6085 ??

btw, I traded the short as marked. Could not trade the long as I was away.

---------------
Some observation from your chart:-
For intraday trade 6080 is clearly a resistance zone from previous up move. So don't short just below 6085.
Go long above 6110? Historical 52 WK high is at 6120 nf, what if there is a dual top? Better wait for a break out.

From todays move:
USD inr @54.8, 0.80% up but Index also up 0.70%, it is very rare. It is clear that Bulls in Nifty also strong.
There is very strong resistance for USD @ 55.20 also nifty near big res of 52 WK high. So there is chance of big sudden up/dn move in either side.
There is chance of gap up above 6120 and very strong short term up move about 150-200 pt in nifty or nifty might form a double top there. Better trade safe and wait for action around 6120 nf. Cheers. :clap:

 

[soft_trader]

I am glad to see that this thread is picking up momentum again. :clap:

@ ST da,
Please ask admin soon. And post the reply of admin here. We want VPS to be back without any hassle.

 

[rajgreenpeace]

I am glad to see that this thread is picking up momentum again. :clap:

@ ST da,
Please ask admin soon. And post the reply of admin here. We want VPS to be back without any hassle.

For that you have to active like TR............:clapping::clapping::clapping:

 

[soft_trader]

For that you have to active like TR............:clapping::clapping::clapping:

Can't give any guarantee that I can be as active as TR. But I would try.

 

[soft_trader]

Diesel prices hiked by 90paise/litre wef Midnight. So good news for OMCs

 

[EagleOne]

Diesel prices hiked by 90paise/litre wef Midnight. So good news for OMCs

Good news? I doubt that. In the last hour crude fell around 2 dollars, ie about 100 rs , and still falling.

 

[soft_trader]

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