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Thursday, May 28, 2015

28/5/2015, THURSDAY




1)Shorted below RN. Got 8 points.

2)Shorted BPB of Hour TF level. Got 16 points.

3) Wanted to short on Pullback, if price tested S/R line. As that didn’t happen, didn’t take that trade.

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.
 
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8 comments:

  1. UnknownMay 28, 2015 at 3:18 PM

    Hi Karthikeyan,
    Good trades. Congrats.. :)

    ReplyDelete
  2. nifty for breadMay 28, 2015 at 3:30 PM

    Thanks Jagadeesh. Hope to do still better thanks to the help of good souls like you.

    S.Karthikeyan

    ReplyDelete
  3. SuMaMay 28, 2015 at 3:31 PM

    Good trades KS. I missed the 2nd short trade. It was the best one for the day.

    ReplyDelete
    Replies
    1. nifty for breadMay 28, 2015 at 4:00 PM

      Thanks Sunil. You were bit unlucky in the second short trade. But your 4th trade was truly amazing. You had taken a touch trade during a volatile period and managed well to get 20 points.

      Delete
  4. xrtrader1May 28, 2015 at 5:57 PM

    Nice....

    ReplyDelete
  5. nifty for breadMay 28, 2015 at 6:16 PM

    Thanks Shasank

    ReplyDelete
  6. AnonymousMay 28, 2015 at 8:26 PM

    Thanks for the chart. Since we opened above pDH, curious why your bias was to short?
    Thx

    ReplyDelete
    Replies
    1. nifty for breadMay 28, 2015 at 9:59 PM

      1) Strong Rejection above xx52, hour TF strong level.

      2) Confluence of Hr. TF strong level with option strike RN(xx50) on expiry day is an important factor to be considered.

      3) After breaking PDH, momentum of up move simply vanished.

      Trust this helps.

      Delete

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