Base being same volume to price action
would like our friends to track following 3 scrips as BTST
1. IFCI - tgt 58.5-59.3 , keep a SL of 55.20
2.WWIL - Tgt 17.8-18.5, SL 15.2
3. OFSS - tgt 2358-2365 , SL 2220
( all above trades are highly risky and meant for agressive traders only )
All the best, happy sailing.
Jai Sai Ram.
Wednesday, June 30, 2010
Trade summary + functioning of a volume-price trader(VPT)
Hello friends
Its been over a week now that i started blogging. Today being a month end decided to put up a quick summary for trades initiated so far. This will also make my reader familiar with volume-price trader ( VPT ) so that i may not have to put up a detailed following on for all my future trades.
U might find it bit stretched but focused reading is highly recommended.
*** bold & italics --- please pay special attention ***
V started trading with UTV SOFT & Dhanlaxmi Bank.
UTV SOFT ( success, 4 % gain ) - Recommended to buy in a range of 398-395. since it has been trading around that band for more than 2 trading days, then only i assumed that its bought ( i would restrain myself from a BLA BLA kind of attitude if scrips i recommended doesnt provide us an opportunity to buy @ desired levels ). Along with initiation of trade SL( All my trades wud always be given with a SL, most of the times trading SL rather than a sl on closing basis ) & targets ( Always take a pre assumtion that trade initiated on the basis of price to volume are meant to be booked partially if not fully @ appreciation of 4-6 %. )were also given. It tested our patience ( Dont ever let PATIENCE TESTING close the trade untill either a SL is hit or a TGT is met i.e. dont ever let a running trade be intervened by market mood ) staying rangebound for more than 3 trading days ( 396-404 ) but finally broke out & hit a high of 414.75 ( our recommended booking level was 414-416 ). I feel glad that it respected both my levels. Low was exact a 395.25 & high an exact 414.75. Conservative ( conservative VPT trader trades prefer capital preservation over illogical profits ) traders were asked to book, whereas agressive ( agressive VPT trader is a greedy trader, he is ready to give up the lil profit offered by markets to gain higher profits ) traders were suggested to carry with a SL of 398 , then 400 & 401 resp.( This is why trailing is meant for , trailing lets u expect more if scrips overshoot if not at least helps u cut the trade cost to cost. )
2.Dhanlaxmi Bank ( trade not initiated )- Clearly mentioned to initiate a trade only @ 168-169, also mentioned not to buy even @ 168-169 if a high of 177-179 is already made. ( Clarity wud always b there in my recos,i know clarity doesnt augur good for report card of a analyst but i am ready to accept a failure rather than cheating my readers with a " read between the lines " kind of attitude. as my readers' trust is more worthier for me than a brighter report card )
3.Mcdowells ( cut cost to cost ) - It was a short call ( like my mentor Nooresh i find myself uncomfortable with short calls untill more than sure ). & i term it as a success as i was able to let my reader come out of the trade cost to cost.
4.Tech mahindra ( Cut cost to cost ) - That trade was initiated for a quick 15-20 points of a gain in dieing ( a big no no for such trades, i avoid initiating or monitor our positions in initial or dieing minutes of trade ) minutes of the trade . If i recommend such kind of trade, please pre assume that trade has either to be closed if tgt/sl hit or the time ends.
5.Indian hotels ( success, 4 % gains ) - This is a perfect example , what VPT trades for. Volume erupted, b/o happened, we awaited for a certain level( whichever analysis u use, always wait till risk reward ratio comes into your favour, make it a golden rule, ur successes would be more than the failures ) to enter. & booked out @ 4 % ( a conservative VPT places the sell order @ 4 % if a buy is initiated, wheareas a agressive VPT places a sell order of at least a 50 % or more quantity @ 4 % to maintain the comfort level to carry the rest for a bigger target, until da trailing sl hits ).
6. PFC, FED BANK ( Failure, SL hit ) - These both were neither a conservative or agressive trades but a IMPULSIVE trade. & taking lesson ( always keep a trade record of ur failures and successes, this habit lets u not to repeat the same mistakes in ur future trades & boosts ur confidence in testing times ) from the same i have decided to control my impulses ( readers are also suggested the same ) to create wealth for my readers.
Even then these 2 traders were not a complete failures, since we awaited till risk reward ratio comes into our favour ( make urslf a set of rule and always follow it ) before initiating our trades & we not always knew our sl's ( Sl is to trading what contraceptives are to love making ) but also placed them as soon as the buy was initiated.
7.-BEL ( Trade is still on ) - This trade awarded us a label of PATIENT TRADER as we awaited it to come down 8-9 % from a high of 1860 to 1695 ( or we would have avoided it ) to initiate a trade.
8.-Grasim ( Fail , SL hit ) - VPT identified that it has got a supply in the band of 1840-45 and patiently awaited for it to come down to level of 1795 to initiate a trade or rather he would wait for it to cross that resistance band to take position. But we bought it & as a matter of discipline our SL hit.
9. Aban ( most successful VP trade so far, over 10 % gain, that too within specified time period ) - VPT identified a supply @ 760 band, and awaits it to cross this resistance. It gave us ample of opportunity to enter the trade and since it was a B/o we always believed it should not come back into this range ( else we would have squared it off ). Conservative already booked @ 818 ( as disciplined trader the sell order was placed @ 818, our target, as soon as buy was initiated ) & agressive ( always books 50 % @ 4 % or a desired target ) is trailing it with a SL of 822. ( 794 & 807 earlier TSL, it keeps trailing following the share price )
So, what are the inferences drawn from trades so far to describe the characterstics of a volume/price trader :
1. VPT ( volume price trader ) identifies the volume b/o in a stock.
2. If range b/o also happening that is a merit to VPT.
3. VPT awaits to initiate a trade till risk reward ratio comes into his favour.
4. As soon as the buy initiates, VPT places a SL.
5. VPT tries to identify a supply band & places a sell order @ band.
6. If supply band is not identified, conservative VPT places a sell order @ 4 %.
7. Even a Agressive VPT books out 50 % quantity @ 4 %/identified resistance .
8. Agressive VPT trailing sl follows the share price movement.
9. Conservative VPT doesnt mind if scrip overshoots as he has pocketed the desired profits.
10. Agressive VPT doesnt mind to cut the trade cost to cost in expectation of a bigger profit.
11.VPT doesnt let market sentiment intervene to close its running trade before either a SL is hit or target is met.
12.VPT has got a bottom up approach as he believes there is always a bull market everywhere, so he doesnt short untill he is doubly sure.
13.VPT places SL & sell order as planned, moreover he doesnt gets excited during initial and dieing hours of the trade except the planned trades.
This is how a VPT trades & i hope my attempts were sufficient enough to clarify any doubts about volume price trading, even if some doubts are there , my readers are more than welcome to put them up before me. i would try my best to clarify the same. also looking forward for the modifications/criticism suggested from my readers to bring upon mandatory improvment in me not only as a vpt but a blogger and a human being also.
wishing u all the very success in all ur trades.
happy sailing
please find a SAI NATH bhajan in the following link, i hope u people are enjoying it.
http://www.4shared.com/audio/SUfWcM2B/Ab_Samjhe_.html
SAI NARAYAN NARAYAN HARI HARI
P.S. - Why i chose only HAPPY SAILING as my tagline, please answer through comments to speculate. i am sure most of you people wud easily make the right guess.
Its been over a week now that i started blogging. Today being a month end decided to put up a quick summary for trades initiated so far. This will also make my reader familiar with volume-price trader ( VPT ) so that i may not have to put up a detailed following on for all my future trades.
U might find it bit stretched but focused reading is highly recommended.
*** bold & italics --- please pay special attention ***
V started trading with UTV SOFT & Dhanlaxmi Bank.
UTV SOFT ( success, 4 % gain ) - Recommended to buy in a range of 398-395. since it has been trading around that band for more than 2 trading days, then only i assumed that its bought ( i would restrain myself from a BLA BLA kind of attitude if scrips i recommended doesnt provide us an opportunity to buy @ desired levels ). Along with initiation of trade SL( All my trades wud always be given with a SL, most of the times trading SL rather than a sl on closing basis ) & targets ( Always take a pre assumtion that trade initiated on the basis of price to volume are meant to be booked partially if not fully @ appreciation of 4-6 %. )were also given. It tested our patience ( Dont ever let PATIENCE TESTING close the trade untill either a SL is hit or a TGT is met i.e. dont ever let a running trade be intervened by market mood ) staying rangebound for more than 3 trading days ( 396-404 ) but finally broke out & hit a high of 414.75 ( our recommended booking level was 414-416 ). I feel glad that it respected both my levels. Low was exact a 395.25 & high an exact 414.75. Conservative ( conservative VPT trader trades prefer capital preservation over illogical profits ) traders were asked to book, whereas agressive ( agressive VPT trader is a greedy trader, he is ready to give up the lil profit offered by markets to gain higher profits ) traders were suggested to carry with a SL of 398 , then 400 & 401 resp.( This is why trailing is meant for , trailing lets u expect more if scrips overshoot if not at least helps u cut the trade cost to cost. )
2.Dhanlaxmi Bank ( trade not initiated )- Clearly mentioned to initiate a trade only @ 168-169, also mentioned not to buy even @ 168-169 if a high of 177-179 is already made. ( Clarity wud always b there in my recos,i know clarity doesnt augur good for report card of a analyst but i am ready to accept a failure rather than cheating my readers with a " read between the lines " kind of attitude. as my readers' trust is more worthier for me than a brighter report card )
3.Mcdowells ( cut cost to cost ) - It was a short call ( like my mentor Nooresh i find myself uncomfortable with short calls untill more than sure ). & i term it as a success as i was able to let my reader come out of the trade cost to cost.
4.Tech mahindra ( Cut cost to cost ) - That trade was initiated for a quick 15-20 points of a gain in dieing ( a big no no for such trades, i avoid initiating or monitor our positions in initial or dieing minutes of trade ) minutes of the trade . If i recommend such kind of trade, please pre assume that trade has either to be closed if tgt/sl hit or the time ends.
5.Indian hotels ( success, 4 % gains ) - This is a perfect example , what VPT trades for. Volume erupted, b/o happened, we awaited for a certain level( whichever analysis u use, always wait till risk reward ratio comes into your favour, make it a golden rule, ur successes would be more than the failures ) to enter. & booked out @ 4 % ( a conservative VPT places the sell order @ 4 % if a buy is initiated, wheareas a agressive VPT places a sell order of at least a 50 % or more quantity @ 4 % to maintain the comfort level to carry the rest for a bigger target, until da trailing sl hits ).
6. PFC, FED BANK ( Failure, SL hit ) - These both were neither a conservative or agressive trades but a IMPULSIVE trade. & taking lesson ( always keep a trade record of ur failures and successes, this habit lets u not to repeat the same mistakes in ur future trades & boosts ur confidence in testing times ) from the same i have decided to control my impulses ( readers are also suggested the same ) to create wealth for my readers.
Even then these 2 traders were not a complete failures, since we awaited till risk reward ratio comes into our favour ( make urslf a set of rule and always follow it ) before initiating our trades & we not always knew our sl's ( Sl is to trading what contraceptives are to love making ) but also placed them as soon as the buy was initiated.
7.-BEL ( Trade is still on ) - This trade awarded us a label of PATIENT TRADER as we awaited it to come down 8-9 % from a high of 1860 to 1695 ( or we would have avoided it ) to initiate a trade.
8.-Grasim ( Fail , SL hit ) - VPT identified that it has got a supply in the band of 1840-45 and patiently awaited for it to come down to level of 1795 to initiate a trade or rather he would wait for it to cross that resistance band to take position. But we bought it & as a matter of discipline our SL hit.
9. Aban ( most successful VP trade so far, over 10 % gain, that too within specified time period ) - VPT identified a supply @ 760 band, and awaits it to cross this resistance. It gave us ample of opportunity to enter the trade and since it was a B/o we always believed it should not come back into this range ( else we would have squared it off ). Conservative already booked @ 818 ( as disciplined trader the sell order was placed @ 818, our target, as soon as buy was initiated ) & agressive ( always books 50 % @ 4 % or a desired target ) is trailing it with a SL of 822. ( 794 & 807 earlier TSL, it keeps trailing following the share price )
So, what are the inferences drawn from trades so far to describe the characterstics of a volume/price trader :
1. VPT ( volume price trader ) identifies the volume b/o in a stock.
2. If range b/o also happening that is a merit to VPT.
3. VPT awaits to initiate a trade till risk reward ratio comes into his favour.
4. As soon as the buy initiates, VPT places a SL.
5. VPT tries to identify a supply band & places a sell order @ band.
6. If supply band is not identified, conservative VPT places a sell order @ 4 %.
7. Even a Agressive VPT books out 50 % quantity @ 4 %/identified resistance .
8. Agressive VPT trailing sl follows the share price movement.
9. Conservative VPT doesnt mind if scrip overshoots as he has pocketed the desired profits.
10. Agressive VPT doesnt mind to cut the trade cost to cost in expectation of a bigger profit.
11.VPT doesnt let market sentiment intervene to close its running trade before either a SL is hit or target is met.
12.VPT has got a bottom up approach as he believes there is always a bull market everywhere, so he doesnt short untill he is doubly sure.
13.VPT places SL & sell order as planned, moreover he doesnt gets excited during initial and dieing hours of the trade except the planned trades.
This is how a VPT trades & i hope my attempts were sufficient enough to clarify any doubts about volume price trading, even if some doubts are there , my readers are more than welcome to put them up before me. i would try my best to clarify the same. also looking forward for the modifications/criticism suggested from my readers to bring upon mandatory improvment in me not only as a vpt but a blogger and a human being also.
wishing u all the very success in all ur trades.
happy sailing
please find a SAI NATH bhajan in the following link, i hope u people are enjoying it.
http://www.4shared.com/audio/SUfWcM2B/Ab_Samjhe_.html
SAI NARAYAN NARAYAN HARI HARI
P.S. - Why i chose only HAPPY SAILING as my tagline, please answer through comments to speculate. i am sure most of you people wud easily make the right guess.
Trade update !
Grasim - SL hit.
Indian Hotel - Sl remains 102 closing basis ( for agressives, conservatives already pocketed the profits market offered to them )
ABAN - Looking good. No wonder it fulfills our wishful target today. Only IMPULSIVE keep carrying with a trading SL of 807.
Logic told us a tgt of 818 ( see post dated 25 th june, not only tgt price but tgt period also mentioned ). Intuition told us a tgt of 880. Here, market suggests us a lesson. Always prefer LOGIC over INTUITION. Here is why experienced trader has a upper hand over a newbie trader. Experienced trader accepts happily what market offers whereas Newbie simply wants market to fulfill his wishful thinking. Please always find market as a place for logics rather than wishes ( wud come up with a detailed post on the same this weekend, dont miss out )
BEL - Doesnt look like breaking the downside level mentioned yest. Safe to have a SL of 1693 ( cost to cost ).
UTV - Agressive keep trailing with a sl of 401 ( trading basis ).
Even this is my 2nd week of blogging, today being a last day of month, would come up with a brief summary of my trades just to make my readers familiar with my trading style ( doing this would let me not go into detailed following up of my future trades ). This is 1 st reason i am not giving new trades, 2 nd being let them avoid over trading.
So keep SAILING HAPPILY as ever.
OM SHRI SAI YASH KAAY SHIRDI VASINE NAMAH !
Indian Hotel - Sl remains 102 closing basis ( for agressives, conservatives already pocketed the profits market offered to them )
ABAN - Looking good. No wonder it fulfills our wishful target today. Only IMPULSIVE keep carrying with a trading SL of 807.
Logic told us a tgt of 818 ( see post dated 25 th june, not only tgt price but tgt period also mentioned ). Intuition told us a tgt of 880. Here, market suggests us a lesson. Always prefer LOGIC over INTUITION. Here is why experienced trader has a upper hand over a newbie trader. Experienced trader accepts happily what market offers whereas Newbie simply wants market to fulfill his wishful thinking. Please always find market as a place for logics rather than wishes ( wud come up with a detailed post on the same this weekend, dont miss out )
BEL - Doesnt look like breaking the downside level mentioned yest. Safe to have a SL of 1693 ( cost to cost ).
UTV - Agressive keep trailing with a sl of 401 ( trading basis ).
Even this is my 2nd week of blogging, today being a last day of month, would come up with a brief summary of my trades just to make my readers familiar with my trading style ( doing this would let me not go into detailed following up of my future trades ). This is 1 st reason i am not giving new trades, 2 nd being let them avoid over trading.
So keep SAILING HAPPILY as ever.
OM SHRI SAI YASH KAAY SHIRDI VASINE NAMAH !
Tuesday, June 29, 2010
Quick trade update
Hello friends
Let me update all of you with our ongoing trades :
1. Aban - Completed the tgt.( go through my old post ) mentioned. Conservative can book. My intuition ( statutory warning - trading on intuitions is hazardous to wealth ) says it can show a 880-885 kind of level today itself if doesnt break current intraday low ( only for agressives )
2. Grasim - Move ur SL to 1788 now.
3. BEL - Seems rangebound between 1690-1760. Strong on a cross over of 1760, but weak below 1690. move your sl to 1688 now.
4. Indian hotels - Looking good, keep patience ( Most vital key to success in equity trading ) or move SL to 102.90.
5. Utv soft - Conservative already booked, agressive move SL to 400 now.
Since, all my trades would be well equipped with details on SL & targets, i wud come down 2 u 4 newer trades only rather than updates.
Would mention that TULIP IT( 855 ), Noida toll(28), HDIL ( 244 ) were also on my radar, but since we were already having 5 ongoing positions, i did not want my readers to be indulge into overtrading, so did not suggest.
Ring u all as soon as i see something hot cooking, till then HAPPY SAILING.
SHRI SADGURU SAINATHARPAN MASTU SHUBHAM BHAVTU
Let me update all of you with our ongoing trades :
1. Aban - Completed the tgt.( go through my old post ) mentioned. Conservative can book. My intuition ( statutory warning - trading on intuitions is hazardous to wealth ) says it can show a 880-885 kind of level today itself if doesnt break current intraday low ( only for agressives )
2. Grasim - Move ur SL to 1788 now.
3. BEL - Seems rangebound between 1690-1760. Strong on a cross over of 1760, but weak below 1690. move your sl to 1688 now.
4. Indian hotels - Looking good, keep patience ( Most vital key to success in equity trading ) or move SL to 102.90.
5. Utv soft - Conservative already booked, agressive move SL to 400 now.
Since, all my trades would be well equipped with details on SL & targets, i wud come down 2 u 4 newer trades only rather than updates.
Would mention that TULIP IT( 855 ), Noida toll(28), HDIL ( 244 ) were also on my radar, but since we were already having 5 ongoing positions, i did not want my readers to be indulge into overtrading, so did not suggest.
Ring u all as soon as i see something hot cooking, till then HAPPY SAILING.
SHRI SADGURU SAINATHARPAN MASTU SHUBHAM BHAVTU
Monday, June 28, 2010
Trade update
Hello friends
let us quickly go through the trades we are tracking.
Aban - Trading above the range mentioned for agressive. Ideally if B/O occurs, should not fall below the b/o level. Agressive keeps an SL 725, conservative 746.
Indian Hotels - Continuing with HH/HL series, SL below 102 seems ok for now.
Patni - Made a nice lil low of 486, still on our radar but not an immediate buy.
IGL - Would wait for it to come down to a level below 240-238, or simply leave it.
BEL - Bought, keep a SL of 1670 on trading basis.
Grasim - Bought, keep a SL of 1780 on trading basis.
MRPL - Had mentioned it friday on I lango sir's blog, i hope somebody followed, here is the link.( did not mention here, now its too late to jump into the trade )
LINK-http://tradeinniftyonly.blogspot.com/2010/06/nifty-intraday-update-i_25.html
( SL's are matter of not only one's comfort level but risk apetite also, keep tracking your profits with a TSL keeping above 2 factors into mind. ALways cut the losses & let the profit trail. )
Would come again later to all of you, whenever something needs to be mentioned, till then HAPPY SAILING.
Trading quote 4d day - Never apply 2 different theories for d same trade, you wud end up only guessing about your sl & targets.
OM SAI RAM
let us quickly go through the trades we are tracking.
Aban - Trading above the range mentioned for agressive. Ideally if B/O occurs, should not fall below the b/o level. Agressive keeps an SL 725, conservative 746.
Indian Hotels - Continuing with HH/HL series, SL below 102 seems ok for now.
Patni - Made a nice lil low of 486, still on our radar but not an immediate buy.
IGL - Would wait for it to come down to a level below 240-238, or simply leave it.
BEL - Bought, keep a SL of 1670 on trading basis.
Grasim - Bought, keep a SL of 1780 on trading basis.
MRPL - Had mentioned it friday on I lango sir's blog, i hope somebody followed, here is the link.( did not mention here, now its too late to jump into the trade )
LINK-http://tradeinniftyonly.blogspot.com/2010/06/nifty-intraday-update-i_25.html
( SL's are matter of not only one's comfort level but risk apetite also, keep tracking your profits with a TSL keeping above 2 factors into mind. ALways cut the losses & let the profit trail. )
Would come again later to all of you, whenever something needs to be mentioned, till then HAPPY SAILING.
Trading quote 4d day - Never apply 2 different theories for d same trade, you wud end up only guessing about your sl & targets.
OM SAI RAM
Sunday, June 27, 2010
What is your trader type ?
Trader type ???????? ( now, what the hell is this )
Yes friends, trader type.
Its very important to know what type of trader u r before u start ur trading.Its exactly like knowing ur destination before u start a journey. Just like u start a journey u prepare a hell lot of you to make sure that the journey remains safe,pleasant and insulated from an unexpected accident. Same is the case in trading. But in a journey by chance if u meet some unfortunate accident, u might find some unexpected external help. But in trading my friend, under such conditions one and only one thing which is gonna help you or rather save you & that is ur own preparations. And to prepare yourself as a trader, u must know what type of trader you are.
Now, in share market, there remains as many type of traders, as you would find a dishes in a wedding menu. This consists of Scalpers, swing traders, momentum traders, investors, PE players, intraday traders, momentum traders, arbitrage players, value buyers, & many more. But its u and only u, who have to decide who you are.
The reason being you are starting your trading journey with the limited resources & moreover limited CAPITAL you have, in competition to the bunch of traders who are well equipped with their trading tools in hunt of your hard earned money.B coz money is the same, u cant be all type of traders with the limited capital u have. Under such condition( without setting yourself your trader type ) u end up losing your capital ( thus ur confidence ) bit by bit by bit trying to be a scalper, intra day trader, momentum trader, swing trader, bargain hunter at a same time. u want all the profits out there. So, first of all friends, know what your goal is...........
Now, let me introduce u with the tools a trader require on the trading battle field:
1. Broker - Not only cheaper brokerage rates but more than that our relations with our broker in case of a market swing againgst our leverage positions matter most.
2. Trading terminal - Faster & real time rate changes + quick & prompt services in case of a break up
3. P.C. - Faster & proper configurations
4. Telecommunications sources - Mobile, landline, ISP and quality of their services.
5. Power back up - Many a time a loss arise due to market swing against our positions during 30-60 minutes of a power break is more than the cost of a power back up equipment.
6. Charting tools - they must be easy to understand, renowned & highly reliable ( as our trading decisions are associated with them )
7. Source - u select for share market related news.
These all above being external factor there are some internal factors also which affects your trading style.
1. Your physical fitness ( it seems silly but mind u it matters )
2. Your frame of mind ( any doubt about this )
3. Your approach ( most important aspect )
4.-Discipline as a trader ( Your only saving grace in this jungle )
5.-Quality of the capital infused ( You must exactly know the strength of your capital, as its firmly believed that not only for investment but for trading purpose also only those portion of your capital should be used which is not required for a certain timeframe.)
6. Your risk apetite - Its a very old say " Its not important that how much u earn, but how much u r willing to loose."
I hope i have communicated my message appropriately before all of you , if not let me know through your comments so that i may improve in my coming posts and also if u would want me to change my way of expressing as my readers are whom for i am putting up my write ups.
In my next write up i would try to put some limelight on the importance of trading discipline, trading approach, till then HAPPY SAILING.
Dont forget to tune up every thursday morning for a wonderful Saibaba Bhajan right here.
SABKA MAALIK EK
Yes friends, trader type.
Its very important to know what type of trader u r before u start ur trading.Its exactly like knowing ur destination before u start a journey. Just like u start a journey u prepare a hell lot of you to make sure that the journey remains safe,pleasant and insulated from an unexpected accident. Same is the case in trading. But in a journey by chance if u meet some unfortunate accident, u might find some unexpected external help. But in trading my friend, under such conditions one and only one thing which is gonna help you or rather save you & that is ur own preparations. And to prepare yourself as a trader, u must know what type of trader you are.
Now, in share market, there remains as many type of traders, as you would find a dishes in a wedding menu. This consists of Scalpers, swing traders, momentum traders, investors, PE players, intraday traders, momentum traders, arbitrage players, value buyers, & many more. But its u and only u, who have to decide who you are.
The reason being you are starting your trading journey with the limited resources & moreover limited CAPITAL you have, in competition to the bunch of traders who are well equipped with their trading tools in hunt of your hard earned money.B coz money is the same, u cant be all type of traders with the limited capital u have. Under such condition( without setting yourself your trader type ) u end up losing your capital ( thus ur confidence ) bit by bit by bit trying to be a scalper, intra day trader, momentum trader, swing trader, bargain hunter at a same time. u want all the profits out there. So, first of all friends, know what your goal is...........
Now, let me introduce u with the tools a trader require on the trading battle field:
1. Broker - Not only cheaper brokerage rates but more than that our relations with our broker in case of a market swing againgst our leverage positions matter most.
2. Trading terminal - Faster & real time rate changes + quick & prompt services in case of a break up
3. P.C. - Faster & proper configurations
4. Telecommunications sources - Mobile, landline, ISP and quality of their services.
5. Power back up - Many a time a loss arise due to market swing against our positions during 30-60 minutes of a power break is more than the cost of a power back up equipment.
6. Charting tools - they must be easy to understand, renowned & highly reliable ( as our trading decisions are associated with them )
7. Source - u select for share market related news.
These all above being external factor there are some internal factors also which affects your trading style.
1. Your physical fitness ( it seems silly but mind u it matters )
2. Your frame of mind ( any doubt about this )
3. Your approach ( most important aspect )
4.-Discipline as a trader ( Your only saving grace in this jungle )
5.-Quality of the capital infused ( You must exactly know the strength of your capital, as its firmly believed that not only for investment but for trading purpose also only those portion of your capital should be used which is not required for a certain timeframe.)
6. Your risk apetite - Its a very old say " Its not important that how much u earn, but how much u r willing to loose."
I hope i have communicated my message appropriately before all of you , if not let me know through your comments so that i may improve in my coming posts and also if u would want me to change my way of expressing as my readers are whom for i am putting up my write ups.
In my next write up i would try to put some limelight on the importance of trading discipline, trading approach, till then HAPPY SAILING.
Dont forget to tune up every thursday morning for a wonderful Saibaba Bhajan right here.
SABKA MAALIK EK
Friday, June 25, 2010
Scrips on our radar
SHRADDHA SABURI
Hello friends
Let me brief u a lil about the scrips on our radar towards which i am looking forward to take a trade.
1. Aban off shore : Structure seems positive to us, volumes favouring a buy. Only hurdle is a supply @ 758-763 zone, if cleared then expect a quick move upto 818 at least within a couple of days. Support lies @ 717-726. Since risk reward ratio not suggesting a buy here. Try buying closer to 712-716 band ( conservative ). Agressives can initiate a trade on a cross over of 762.
2. Grasim : Same is the case with grasim, volumes already there. Just waiting for it to cross 1840-1845 kind of band or a buy closer to its support 1790-1795. Agressive can buy on a crossover of a band of the above mentioned resistance band.
3.Igl - Its not a buy right now, but keep an eye on it. would come up with details on the weekend.
4.Patni computers - It is also not an immediate buy. Keep an eye on it.
5.Indian hotels - Looks like gearing up to hit our targets mentioned yesterday.
6. BEL - Had already mentioned as a buy candidate last week. Please wait for details.
All above trades are at a premature stage
Would come up with more write up about above mentioned scrips and also my approach to trading with a detail this weekend. Looking forward towards a co-operation.
DISCLAIMER - Please consider the content of this blog as an educative material only. Trades initiated on the write up in this blog are reader's responsibility.
Hello friends
Let me brief u a lil about the scrips on our radar towards which i am looking forward to take a trade.
1. Aban off shore : Structure seems positive to us, volumes favouring a buy. Only hurdle is a supply @ 758-763 zone, if cleared then expect a quick move upto 818 at least within a couple of days. Support lies @ 717-726. Since risk reward ratio not suggesting a buy here. Try buying closer to 712-716 band ( conservative ). Agressives can initiate a trade on a cross over of 762.
2. Grasim : Same is the case with grasim, volumes already there. Just waiting for it to cross 1840-1845 kind of band or a buy closer to its support 1790-1795. Agressive can buy on a crossover of a band of the above mentioned resistance band.
3.Igl - Its not a buy right now, but keep an eye on it. would come up with details on the weekend.
4.Patni computers - It is also not an immediate buy. Keep an eye on it.
5.Indian hotels - Looks like gearing up to hit our targets mentioned yesterday.
6. BEL - Had already mentioned as a buy candidate last week. Please wait for details.
All above trades are at a premature stage
Would come up with more write up about above mentioned scrips and also my approach to trading with a detail this weekend. Looking forward towards a co-operation.
DISCLAIMER - Please consider the content of this blog as an educative material only. Trades initiated on the write up in this blog are reader's responsibility.
Thursday, June 24, 2010
Quick Trade update
UTV SOFT : 1 st target completed, conservative traders can book out > @ 414-416, Agressive traders keep sailing. Put a trailing SL of 397.90. Looks set for a blast today, since volumes have crossed our desired figures.
Indian hotels : Agressive trade initiated, still recommend a strong buy closer to 102.25 band. A lil modification in SL, Stay out if closing remains < 102
2 more Riskier trades, but since they are close to their sl's, risk reward in favour
PFC : Agressive and conservative both buys @ 288-287, with a agressive SL < 286 closing basis, and conservative 285.90 trading basis, targets at least a 297-298.5 in couple of days.
Federal bank : Buy suggested only in the range of 328.5-327.5, SL 326.9 for conservative traders. 326 closing basis for agressive traders. Tgt > 340 in couple of days.
Disclaimer : Author of the blog is not responsible for any losses if occur, since the blog author shares his views only for educative purposes.
SUCCESS in trading is not a matter of chance, but a matter of hard work and moreover PATIENCE.
Indian hotels : Agressive trade initiated, still recommend a strong buy closer to 102.25 band. A lil modification in SL, Stay out if closing remains < 102
2 more Riskier trades, but since they are close to their sl's, risk reward in favour
PFC : Agressive and conservative both buys @ 288-287, with a agressive SL < 286 closing basis, and conservative 285.90 trading basis, targets at least a 297-298.5 in couple of days.
Federal bank : Buy suggested only in the range of 328.5-327.5, SL 326.9 for conservative traders. 326 closing basis for agressive traders. Tgt > 340 in couple of days.
Disclaimer : Author of the blog is not responsible for any losses if occur, since the blog author shares his views only for educative purposes.
SUCCESS in trading is not a matter of chance, but a matter of hard work and moreover PATIENCE.
Trade update : Indian Hotels
Let me put up a fresh trade before u !
Indian hotels : Volumes have been attractive today, and also making a HH & HL pattern on a daily & weekly scale.
So, a long trade can be considered with a small SL.
Try buying it in a range of 103-102(for conservative traders ), OR a small quantity @ 103.5-103 & rest close to 102(this set up is for aggresive traders ).
Tgt. -106.5-107, conservative traders book out 70% of ur longs. Agressive traders may keep a delivery ( provided that it doesnt close below 103 today.
SL- 100.90 on trading basis(same for both kind of traders)
Disclaimer : Author of this blog are not responsible for any losses if incurr due to any trade shared here on this blog as these trades are just for educative purpose.
Indian hotels : Volumes have been attractive today, and also making a HH & HL pattern on a daily & weekly scale.
So, a long trade can be considered with a small SL.
Try buying it in a range of 103-102(for conservative traders ), OR a small quantity @ 103.5-103 & rest close to 102(this set up is for aggresive traders ).
Tgt. -106.5-107, conservative traders book out 70% of ur longs. Agressive traders may keep a delivery ( provided that it doesnt close below 103 today.
SL- 100.90 on trading basis(same for both kind of traders)
Disclaimer : Author of this blog are not responsible for any losses if incurr due to any trade shared here on this blog as these trades are just for educative purpose.
Wednesday, June 23, 2010
THANK YOU ALL + trade updates
I am actually overwhelmed by the visits, wishes mentioned and moreover responses towards my initiation to blogging.
THANKS ALL OF U.
Its specially an honour having I Lango sir, Javed sir, Nandi sir, Jagmohan sir visited my blog within 24 hours of its initiation.
And its only due to all of u that i am really feeling responsible towards posting anything on my blog. Blogging is a huge responsibility as u really dont know how many people would have followed u. And all of u guys have realized me about this responsibility.
This weekend i would be posting an article about my trading experience , style and my approach to trading.
For the meantime please find follow ups for the trades shared by me
1.Dhanbank- did not initiated.
2.UTV SOFT- trade initiated, volumes not encouraging, moreover is making LH & LL pattern. If hold delivery, put a SL of 394.90 on a trading basis if conservative trader OR a trading sl of 389.90, if an agressive trader. Moreover tomorrow look forward towards a volumes>25000 @ NSE before 11.30 am, if not, dont hesitate to wind up ur positions.
3.MCDOWELLS - Since trade was initiated for intraday only, i hope people would have offloaded their positions 2day itself. If somebody had taken a positional stand, humble request, please dont convert ur intraday positions into positional untill and unless specified, be it suggested by anybody.Now please strictly follow a SL of 1281, and if opened gap up above 1281 unwind the trade immediately.
4.Tech mahindra- since it was an impulsive trade, and was taken for intraday only, i assume, trade has been sqaured up cost to cost again 2day itself.
I have been asked a question by Ushabalaji asking about how to place a stop loss on trading terminal. I really feel a pleasure to reply to this question.
We take 2 types of trades, either long trade or short trade. Now different trading terminals have different ways to put Sl. Here i am mentioning about odin diet.
1. If a long trade has been taken, we got to place a selling SL. For example, if today u would have taken a long trade, i.e. u bought UTV soft@ 396.50, putting a SL of 393.90 means, as soon as it trades below 394 ur bought positions would be squared off.
to put a SL for long trades, u got to hit sell button on ur terminal. On the first tab, there are options of RL=regular trade, SL = Stop loss. When u buy , u choose RL, but while putting a trade for SL, please make selection for SL. Put desired quantity. But, a lil difference in putting a RL and a SL. While putting a RL u got to put only a BUY PRICE u want to buy, but while putting a SL, u also get to put a Trigger price also. So, in first place , put ur trade price i.e. in our case it is 393.90, and then trigger price which is lower to the trade price u would have put. If 393.90 is a SL price, trigger price can be anything lower to 393.90, i.e. either a 393.50 or 393 or 392 or even 391. The difference between SL price and trigger price varies from trader to trader. I prefer to put a difference of at least 1/2 % of share price, so as to it doesnt jump while triggering it. So in my case, trigger price would be at least a 392.50. now my SL price is 393.90 & trigger price is 392.5. That indicates whenever UTV soft dips and trades below 394 my trade would be squared of if a buyer is there between 392.50-393.90. This is how SL is placed.
2. Now in SHORT trade, take example of MCdowells, we shorted it means we sold it @ 1273. now putting a SL @1281 means if it trades above 1281 our sold position would be bought.
For placing a SL for shorted position , we got to place a buying SL. Simply put a BUY order, and instead of selecting RL in the first tab, select SL. follow the above procedure, put in no. of shares in quantity, then put a sl price as 1281. Now a lil differnce, in case of a SHORT trade, since sl placed would be a buying SL. so the trigger price this time would be a value higher than 1281, in my case i would put a trigger price of 1287.
So, ushabalaji, this is how SL is placed on a trading terminal.
Sorry friends, u all might actually find it silly to answer the above question this much in details, but i thought since this kind of minute information is not available everywhere, so taking chance, assuming it might be a help for my readers. Thanks for ur patient READING.
Shri sadguru sainath maharaj ji ki jai.
Leaving u guys with a Saibaba bhajan , since today is a SAI vaar.
http://www.4shared.com/audio/00OjzqTb/ab_too_hi_dekhe_bhale.html
THANKS ALL OF U.
Its specially an honour having I Lango sir, Javed sir, Nandi sir, Jagmohan sir visited my blog within 24 hours of its initiation.
And its only due to all of u that i am really feeling responsible towards posting anything on my blog. Blogging is a huge responsibility as u really dont know how many people would have followed u. And all of u guys have realized me about this responsibility.
This weekend i would be posting an article about my trading experience , style and my approach to trading.
For the meantime please find follow ups for the trades shared by me
1.Dhanbank- did not initiated.
2.UTV SOFT- trade initiated, volumes not encouraging, moreover is making LH & LL pattern. If hold delivery, put a SL of 394.90 on a trading basis if conservative trader OR a trading sl of 389.90, if an agressive trader. Moreover tomorrow look forward towards a volumes>25000 @ NSE before 11.30 am, if not, dont hesitate to wind up ur positions.
3.MCDOWELLS - Since trade was initiated for intraday only, i hope people would have offloaded their positions 2day itself. If somebody had taken a positional stand, humble request, please dont convert ur intraday positions into positional untill and unless specified, be it suggested by anybody.Now please strictly follow a SL of 1281, and if opened gap up above 1281 unwind the trade immediately.
4.Tech mahindra- since it was an impulsive trade, and was taken for intraday only, i assume, trade has been sqaured up cost to cost again 2day itself.
I have been asked a question by Ushabalaji asking about how to place a stop loss on trading terminal. I really feel a pleasure to reply to this question.
We take 2 types of trades, either long trade or short trade. Now different trading terminals have different ways to put Sl. Here i am mentioning about odin diet.
1. If a long trade has been taken, we got to place a selling SL. For example, if today u would have taken a long trade, i.e. u bought UTV soft@ 396.50, putting a SL of 393.90 means, as soon as it trades below 394 ur bought positions would be squared off.
to put a SL for long trades, u got to hit sell button on ur terminal. On the first tab, there are options of RL=regular trade, SL = Stop loss. When u buy , u choose RL, but while putting a trade for SL, please make selection for SL. Put desired quantity. But, a lil difference in putting a RL and a SL. While putting a RL u got to put only a BUY PRICE u want to buy, but while putting a SL, u also get to put a Trigger price also. So, in first place , put ur trade price i.e. in our case it is 393.90, and then trigger price which is lower to the trade price u would have put. If 393.90 is a SL price, trigger price can be anything lower to 393.90, i.e. either a 393.50 or 393 or 392 or even 391. The difference between SL price and trigger price varies from trader to trader. I prefer to put a difference of at least 1/2 % of share price, so as to it doesnt jump while triggering it. So in my case, trigger price would be at least a 392.50. now my SL price is 393.90 & trigger price is 392.5. That indicates whenever UTV soft dips and trades below 394 my trade would be squared of if a buyer is there between 392.50-393.90. This is how SL is placed.
2. Now in SHORT trade, take example of MCdowells, we shorted it means we sold it @ 1273. now putting a SL @1281 means if it trades above 1281 our sold position would be bought.
For placing a SL for shorted position , we got to place a buying SL. Simply put a BUY order, and instead of selecting RL in the first tab, select SL. follow the above procedure, put in no. of shares in quantity, then put a sl price as 1281. Now a lil differnce, in case of a SHORT trade, since sl placed would be a buying SL. so the trigger price this time would be a value higher than 1281, in my case i would put a trigger price of 1287.
So, ushabalaji, this is how SL is placed on a trading terminal.
Sorry friends, u all might actually find it silly to answer the above question this much in details, but i thought since this kind of minute information is not available everywhere, so taking chance, assuming it might be a help for my readers. Thanks for ur patient READING.
Shri sadguru sainath maharaj ji ki jai.
Leaving u guys with a Saibaba bhajan , since today is a SAI vaar.
http://www.4shared.com/audio/00OjzqTb/ab_too_hi_dekhe_bhale.html
TECH MAHINDRA long trade
Tech mahindra looks all set to score at least a 770, a spike of more than 15-18 rs. in the last half an hour of trade.
look to buy it @751-748 to make the risk reward ratio in ur favour, put a trading sl of 745 for ur trades.
happy sailing
sainath maharaj ki jai
look to buy it @751-748 to make the risk reward ratio in ur favour, put a trading sl of 745 for ur trades.
happy sailing
sainath maharaj ki jai
WHY to put a STOP LOSS
Many a traders feel themselves quite uncomfortable while putting stop losses, due to their several infavourable experiences in their past trades or due to their own reasons ( why to book loss, SL's are seen across all terminals and meant to hit, we would keep deliveries if trade goes against us, cumm on i know its gonna bounce back into my favour ETC ETC. )
But, stop loss is the most favourable tool of a trader. Believe me its meant for u.
Its there to save ur capital for next favourable trade, if ur current trade goes against u.
There are two ways to trade in share markets.
To trade long
or
To trade short ( in FNO stock)
just putting few examples before u, what would have happened in SL would have not been placed in following trades.
1. Go through RDB industries yest. it fell more than 50% on a single day, i.e. if u would not have put a SL while taking long trade, u would have lost half of ur capital.
2.Go through RNRL on 22jan. 2008, it fell more than 50 % from its intraday high.
3.RELCAPITAL on 22nd jan. 2008, made a high of 1912 & a low of 1311, with a close of 1824, down 4 % odd. just think of a buyer @ 1912 & a short seller @ 1311 without a SL.
4.Check out WWIL on 4 rth feb. 2009, with a low of 9.70, made a high of 19.58. Just think of a short seller @ 10rs. or a buyer @ 19 rs.
5. Hexaware on 12 th feb. 2009, with a low of 20rs. and a high of 42rs.
Similarly u would find many such examples of eroison of 50% or more on a given single day of a trader's capital.
And then these examples also show that even u were on a right direction in above trades, u would have exited early to loose all the extravagant profits which would have been pocketed by you, if u had a disciplined approach in ur trades.
That is called trailing stop loss, if u would have trailed ur profit in above trades if they were in right directions you would have doubled your capital on a single day.
One more thing, i would wanna add is that, all of above trades seems to be result of deleveraging of a leveraged trader's position. So, leveraging at the same time , has got a sharp advantage, it has got huge disadvantage also. So, at least avoid leveraging unless u r very very sure about ur direction and positions in a trade. But, even if u r fond of a leverage and very sure about ur positions, u should always keep a valid SL for your trades.
All i mean to say is that SL's and Trailing Sl's are meant to preserve a trader's capital and hence his confidence and existence in share market. So, even if u r not comfortable to put a stop loss or a trailing sl, u should keep monitoring ur trades on ur own screen so as to get rid of ur trades as early as it signals an exit. But if u can not remain on screen u should and always keep a valid stop loss on all your trades, be it a intraday, positional or a investment trade always.
Bcoz in this huge jungle of share market u really dont know which scrip turns out to be a WWIL or a RNRL or a REL CAPITAL or a HEXAWARE or a RDB INDUSTRIES on a given day .
So, better safe than sorry my friends after all its ur money who is being followed by smart people out there.
HAPPY SAILING.
JAI SAIRAM
But, stop loss is the most favourable tool of a trader. Believe me its meant for u.
Its there to save ur capital for next favourable trade, if ur current trade goes against u.
There are two ways to trade in share markets.
To trade long
or
To trade short ( in FNO stock)
just putting few examples before u, what would have happened in SL would have not been placed in following trades.
1. Go through RDB industries yest. it fell more than 50% on a single day, i.e. if u would not have put a SL while taking long trade, u would have lost half of ur capital.
2.Go through RNRL on 22jan. 2008, it fell more than 50 % from its intraday high.
3.RELCAPITAL on 22nd jan. 2008, made a high of 1912 & a low of 1311, with a close of 1824, down 4 % odd. just think of a buyer @ 1912 & a short seller @ 1311 without a SL.
4.Check out WWIL on 4 rth feb. 2009, with a low of 9.70, made a high of 19.58. Just think of a short seller @ 10rs. or a buyer @ 19 rs.
5. Hexaware on 12 th feb. 2009, with a low of 20rs. and a high of 42rs.
Similarly u would find many such examples of eroison of 50% or more on a given single day of a trader's capital.
And then these examples also show that even u were on a right direction in above trades, u would have exited early to loose all the extravagant profits which would have been pocketed by you, if u had a disciplined approach in ur trades.
That is called trailing stop loss, if u would have trailed ur profit in above trades if they were in right directions you would have doubled your capital on a single day.
One more thing, i would wanna add is that, all of above trades seems to be result of deleveraging of a leveraged trader's position. So, leveraging at the same time , has got a sharp advantage, it has got huge disadvantage also. So, at least avoid leveraging unless u r very very sure about ur direction and positions in a trade. But, even if u r fond of a leverage and very sure about ur positions, u should always keep a valid SL for your trades.
All i mean to say is that SL's and Trailing Sl's are meant to preserve a trader's capital and hence his confidence and existence in share market. So, even if u r not comfortable to put a stop loss or a trailing sl, u should keep monitoring ur trades on ur own screen so as to get rid of ur trades as early as it signals an exit. But if u can not remain on screen u should and always keep a valid stop loss on all your trades, be it a intraday, positional or a investment trade always.
Bcoz in this huge jungle of share market u really dont know which scrip turns out to be a WWIL or a RNRL or a REL CAPITAL or a HEXAWARE or a RDB INDUSTRIES on a given day .
So, better safe than sorry my friends after all its ur money who is being followed by smart people out there.
HAPPY SAILING.
JAI SAIRAM
TRADE UPDATE
SAINATH SABKE SAATH
hello friends
let me update u all for the trades given yesterday
DHANBANK- since, it has already made a high of 179, no juice left in it for us for intraday, we would all look at it this friday or next week in the band of 166-165, to initiate a long trade.
UTV SOFT- trade initiated, but volumes not encouraging. Fortunately it has given us an opportunity to place a SL 393.90, closer to our buy, if position taken is intraday(which i am not favour of ), but is positionally bought, our SL stay intact 389.90.
NEW TRADE
MCDOWELLS-SHORT TRADE
Can take a small short trade only and only in a range of 1266-1267, with a SL of 1281( trading basis ) & above for an intraday target of 1250 and lower. But since, risk reward ratio is not in our favour, its good if u can keep patience and try selling it in the range of 1273-1275, with same SL given above.
Happy sailing
No more updates for the above trades as explained in details with SL and targets.
hello friends
let me update u all for the trades given yesterday
DHANBANK- since, it has already made a high of 179, no juice left in it for us for intraday, we would all look at it this friday or next week in the band of 166-165, to initiate a long trade.
UTV SOFT- trade initiated, but volumes not encouraging. Fortunately it has given us an opportunity to place a SL 393.90, closer to our buy, if position taken is intraday(which i am not favour of ), but is positionally bought, our SL stay intact 389.90.
NEW TRADE
MCDOWELLS-SHORT TRADE
Can take a small short trade only and only in a range of 1266-1267, with a SL of 1281( trading basis ) & above for an intraday target of 1250 and lower. But since, risk reward ratio is not in our favour, its good if u can keep patience and try selling it in the range of 1273-1275, with same SL given above.
Happy sailing
No more updates for the above trades as explained in details with SL and targets.
Tuesday, June 22, 2010
Shri Satguru Sainath Maharaj ki jai
Hello friends
let us all switch to work
today is our first trade
and we are gonna have a look at UTV SOFTWARE
reason for trades
1. Its involved in latest blockbuster movie RAJNEETI
2. Three days ago reliance capital announced to buy a 18 % stake in its arm.
3.Neither of above 2 factors seems to have factored in its price since last 10-15 days.
4.Since it is near to its support 391, so risk reward ratio looks favourable to take a trade.
5.Media shares have not been in limelight unless a week ago, when all of them had a ride.
So, friends our trade would be on long side
we would be looking forward to buy it in early trades tomorrow morning i.e. 9-9.15AM @ 395-398( all NSE)
our trading stop loss would be 389.95
our first target would be 412-414 intraday & second target would be in the band of 424-428 positional, if it closes above 407.
The key trigger being volumes, so if on NSE, volumes till 11 am is over 30000-40000 , we would assume that our trade is in right direction.
TRADE NO. 2
HIGH RISK TRADE
DHANBANK
It attracted heavy volumes on tuesday also given a B/O above 166, and if u go through the intraday graph , as soon as it crossed 165 today, it never looked back and exploded like anything to make an intraday high of 183.
DONT DONT expect such kind of explosion tomorrow also, since scrips after such an explosion tend to give a lil spark only on long side to create and impression that its gonna explode today again. SO, be alert.
Try to buy it on lower side, only and only @168-169, otherwise not. Mind u, only and only in the band of 168-169 otherwise not, that too only if it has not made a high kind off 176-178 i.e. if it hits a high like 176-178 before u get to buy in the band i gave, LEAVE IT. It would be a trap.
Now, if u get to buy it in the range of 168-169, before it hits a high above 175, u got every chance that it gives an intraday high of 176-178. So, simply buy in the range of 168-169, PLACE a strict strict trading sl of 164.90, and get set for the target of 176 at least @ eod. Dont keep delivery, untill u buy it >167.
So, if ur buy is between 166-167, and u r not comrotable to keep a SL, keep it as a delivery for a target of 176-178, if not intraday then next week tuesday to wednesday.
and if u buy it too early in the band of 168-169, then need not to keep delivery.
BOTH THE ABOVE BUYS only and only if it doesnt hit an intraday high of 176-178 before u buy, otherwise leave it, we would gonna have a look at it either on friday or monday when it would make another move.
So guys happy trading, looking forward towards ur comments( be it a appraisal or a cricism, WELCOME)
DISCLAIMER - Reader and only the reader would be responsible for any losses if occur due to the trades given here on this blog, as this blog is for educational purpose only.
Shri Sathguru SAINATH maharaj ki jai.
Hello friends
let us all switch to work
today is our first trade
and we are gonna have a look at UTV SOFTWARE
reason for trades
1. Its involved in latest blockbuster movie RAJNEETI
2. Three days ago reliance capital announced to buy a 18 % stake in its arm.
3.Neither of above 2 factors seems to have factored in its price since last 10-15 days.
4.Since it is near to its support 391, so risk reward ratio looks favourable to take a trade.
5.Media shares have not been in limelight unless a week ago, when all of them had a ride.
So, friends our trade would be on long side
we would be looking forward to buy it in early trades tomorrow morning i.e. 9-9.15AM @ 395-398( all NSE)
our trading stop loss would be 389.95
our first target would be 412-414 intraday & second target would be in the band of 424-428 positional, if it closes above 407.
The key trigger being volumes, so if on NSE, volumes till 11 am is over 30000-40000 , we would assume that our trade is in right direction.
TRADE NO. 2
HIGH RISK TRADE
DHANBANK
It attracted heavy volumes on tuesday also given a B/O above 166, and if u go through the intraday graph , as soon as it crossed 165 today, it never looked back and exploded like anything to make an intraday high of 183.
DONT DONT expect such kind of explosion tomorrow also, since scrips after such an explosion tend to give a lil spark only on long side to create and impression that its gonna explode today again. SO, be alert.
Try to buy it on lower side, only and only @168-169, otherwise not. Mind u, only and only in the band of 168-169 otherwise not, that too only if it has not made a high kind off 176-178 i.e. if it hits a high like 176-178 before u get to buy in the band i gave, LEAVE IT. It would be a trap.
Now, if u get to buy it in the range of 168-169, before it hits a high above 175, u got every chance that it gives an intraday high of 176-178. So, simply buy in the range of 168-169, PLACE a strict strict trading sl of 164.90, and get set for the target of 176 at least @ eod. Dont keep delivery, untill u buy it >167.
So, if ur buy is between 166-167, and u r not comrotable to keep a SL, keep it as a delivery for a target of 176-178, if not intraday then next week tuesday to wednesday.
and if u buy it too early in the band of 168-169, then need not to keep delivery.
BOTH THE ABOVE BUYS only and only if it doesnt hit an intraday high of 176-178 before u buy, otherwise leave it, we would gonna have a look at it either on friday or monday when it would make another move.
So guys happy trading, looking forward towards ur comments( be it a appraisal or a cricism, WELCOME)
DISCLAIMER - Reader and only the reader would be responsible for any losses if occur due to the trades given here on this blog, as this blog is for educational purpose only.
Shri Sathguru SAINATH maharaj ki jai.
WELCOME !
This is my first post for this blog. starting posting my blog on the name of Shri SAINATH Maharaj.
My experience in the stock markets is neither as huge as some of my seniors are having, nor i am gonna copy their style of looking at the share markets.
More over i would be looking at the indian markets only and that too with a stock specific approach.
The basis of my trades would only and only be volume to price. As i have been a huge admirer of volumes to price action of a stock and have found that volumes, along with HL & HH or a LL and LH on a daily, weekly or monthly scale can do magic for u, if u r sincere and discipline in your approach.
So, guys looking forward towards all of u to co-operate and monitor me on regular basis to help me improving my blogging and trading skills.
Thanking all of u.
Shri Satguru Sainath Maharaj Ji ki jai
My experience in the stock markets is neither as huge as some of my seniors are having, nor i am gonna copy their style of looking at the share markets.
More over i would be looking at the indian markets only and that too with a stock specific approach.
The basis of my trades would only and only be volume to price. As i have been a huge admirer of volumes to price action of a stock and have found that volumes, along with HL & HH or a LL and LH on a daily, weekly or monthly scale can do magic for u, if u r sincere and discipline in your approach.
So, guys looking forward towards all of u to co-operate and monitor me on regular basis to help me improving my blogging and trading skills.
Thanking all of u.
Shri Satguru Sainath Maharaj Ji ki jai
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