My Observation: Abt Myself

[chintan786]

Today had also Traded Axis Bank. In last 5 days, today is 2nd day when this shows more than 5% move intra-day. Forced me think, Move in Stocks are huge compare to Index as they don't have weekly option expiry festival. Tomorrow onwards Axis and Tatasteel will be on my radar

 

[chintan786]

28-May
Context: Bullish/Short covering.
Previously also we have seen such set-up, where before weekly expiry we see some good rally which keep going on after breaking multi-day Failed Auctions.

Let settle opening and see how things Pan out. Prev. day VAH and PoC can be used as Support lvls.
10-min close below 9224 is Game Over for Longs for the day.

 

[chintan786]

I am carrying overnite Longs.. so not going to intiate new position today. So if open abv. 50 points then place TSL and let it run.
Have A Nice day to you all.

 

[chintan786]

29-May
Context: Bullish+ Cautious.
Nifty need to hold yesterday low. till then it is buy on dips with target of 9530 area.
Yesterday VWAP is around 9400 if sustains abv. that for 10-mins then we can buy intraday.
Below 9310 can tag 9250-9220.

Axis: going to short at open. some negative newsflow.

 

[chintan786]

T1-- Shorted Axis Bank in Cash 382.5

T2-- Shorted 9200 PE @ 59

 

[chintan786]

T1-- Shorted Axis Bank in Cash 382.5

T2-- Shorted 9200 PE @ 59

Scratched Nifty 9200 PE @ 66.

 

[chintan786]

Covered 1/3rd Axis Bank Short @ 378.2

 

[chintan786]

covered more @ 376.8 rest all now at TSL 382

 

[chintan786]

Caution for Longs: Most of the global Mkts are trading with more than 1% loss.

 

[chintan786]

Caution for Longs: Most of the global Mkts are trading with more than 1% loss.

Lol.. Trend getting stronger here...great going