Friday, 24 April 2015


Nifty opened just above BRN but broke down below it as well as PDL.  Took BPB of PDL but it did not work and got stopped out.  Then it remained in the range for long time and was not able to cross PDL.  Missed the BOF of PDL due to lunch time.  Shorted on the break of range low.  Moved well.  Covered once it came back above BRN.

I will not be able to update the blog for next few weeks or months due to some personal reasons.  Thank you all for your support.  Wish you best of luck in making profit in trading.

Thursday, 23 April 2015


Today Nifty opened full gapup above PDH.  There was a good setup to go long as BPB of PDH above BRN.  I was bit late, missed it.  Then it fell a lot breaking PDH.  Took a chance and shorted below the minor swing low at 8437 though it had already fallen a lot by that time. Then it reversed without testing the BRN 8400 and I got out.  Attempted second trade when I felt it was not able to sustain below BRN 8400.  This time again did not get much as it pulled back very sharp.

I have learnt from my experience as well as from other traders that most of the good moves happen in the morning session and towards the end of the session.  I find the time slot of 9:15 a.m. to around 11:30 a.m. or 12 and 1:30 to 3:00 p.m. good for day trading. Today was a good example of that.  There were two good moves in the morning session and a couple more after 1:30 p.m.  What is your experience?

Wednesday, 22 April 2015


 I could spot only one good setup today in hindsight.  It traded in a range, roughly between PDC and PDL till afternoon and then swung both ways.  It was difficult to find a good pattern for the V-shape reversal trade from BRN 8300. 

Tuesday, 21 April 2015


I could spot few trading opportunities in hindsight today.  PDL was acting as a flip and offered good setups to initiate trades.

Monday, 20 April 2015


Today was a type 1 kind of trending day.  I could spot two good setups in hindsight.

Friday, 17 April 2015


It seems today was a tough day to day trade.  If I were trading, I could have taken the above marked trades totaling five.  Only the last trade yielded some.

Thursday, 16 April 2015


Nifty opened today just above PDC and moved down.  In hindsight, I could spot two good trade setups though there were quite a few more.

One was in the morning, aggressive one, with-trend direct BO of PDL. I would say it aggressive because there was a very sharp fall at the fag end of day yesterday, so one would have expected some consolidation/range bound move (maybe between 8760 and 8800) in the morning session.

Second one was around 2:40 p.m., BOF of BRN 8700 which moved to the target area of Range High.

Wednesday, 15 April 2015


I have been somewhat busy since last few weeks, hence could not update the blog.  I will try to analyze the charts EOD only and post the analysis whenever possible.  Today I am posting the 5-min chart as I could find only this chart live today.  I am doing the hindsight analysis only.  There were three trading opportunities per the system that I could spot at EOD today.  Last trade was a gem.  Was there any News?