Thursday, 29 May 2014

29052014


Nifty opened above PDH and tried to go up but could not go up above RN.
1) BPB of PDC IRL.  Covered when it took support at PDL. Profit of 18 points.
Then there was a TRAP pattern.  Did not take it as there was BRN below.
2) BOF of LOL PDL BRN.  Went long above MSP. It did not move as expected.  Loss of 8 points.
3) TRAP.  Booked when failed to go further down.  Profit of 38 points.

3 comments:

  1. Sir,

    Nice trades.

    This chart is for June Series, I think. Because of premium difference, I could not mark the DPs.
    S.Karthikeyan

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    Replies
    1. SK

      Thanks. Yes, it is of June series DPs like PDC, PDH, and PDL are tricky as they are from May series but DPs like IR, DO, BRN, RN should be traded. These DPs will remain same on any chart, whether May series or June series.

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    2. Sir,
      Thanks for your guidance.
      S.Karthikeyan

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