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Wednesday, 25 February 2015

LT fut 2015 Feb 24

Since the previous day closed near the high. If it opens with gap up, it is expected to come down & take support at PDH , PDC

As expected PDH & PDC gave a support for a 4 point profit


1. I thought , this '1' identified is the IRL. Hence did a sell with candle top as SL. SL hit . The DP method recommends to hide the SL behind the DP ( here PDC, PDH). Would have been saved , if its done.

2. One more IRL. Again SL hit

Thursday, 19 February 2015

LT fut 2015 Feb 19

It was an inside day yesterday. Hence, exploit when it breaks out of the range (PDH, PDL).

1) Executed the plan. Long on BO-PDH, exited with profit of 4 points.

2) BOF-PDH hit SL

3) BO - PDH hit SL

4) TST-PDL, BOF-IRL-LOD is a buy ... but it is difficult to execute as it is a LOL (layer of layer)

5) BO- HOD is a buy.

Overall there were 2 whipsaws & 1 possible trade seen.
Its easy to do hindsight analysis.

Monday, 16 February 2015

LT fut 2015 Feb 16

I had position of long LT at PDC. Wanted to see , if it can cross PDH, then hold it ,... or exit near PDH.

Did as per the plan.


1. It struggled to cross PDH. It is a short from there, with the candle top as SL, with th target of PDC & PDL... came down easily .. even before the intraday range is revealed...

2. After the intraday range is revealed, there was a TST of IRL.. which is a buy with the BRK DWN of IRL as SL & target of PDL. It again hit IRL ..with a pin bar, and then the tgt.

As it is holding BRN 1650.. Im long again ...

Thursday, 12 February 2015

LT fut 2015 Feb 12

The positional view is, buy at around BRN 1600. So wait for opportunity

Post mortem:
Opened with in the previous range...made an attempt for BO-PDH. Since the intraday range is not clear... no execution

1. BRK-DWN-IRL gave a sell signal, which failed at 2. & gave a buy signal with IRH as tgt

3. BO-IRH gave a buy which was a good one..

Since a buy was being considered in the range of 1600... all the buys were missed thinking SL is too high...

As usual, it is easy to do postmortem.

LIC fut 2015 Feb 12

Yesterday was an inside day. Plan is to exploit , when it breaks out of yesterday's range...


1. BO-PDH was a buy, with candle bottom as SL ... but SL hit.

3. BO-IRH was a buy, with candle bottom as SL... scope for 2points profit...


Actually 1st trade need not have been executed as the intraday day range is not revealed yet.

Recent Analysis ... Intraday range learning is important...before revealing the intraday ranges , if you trade DPs , failures are more.

Wednesday, 11 February 2015

LT opt 2015 feb 11

This pic is available in the link here ..

Just reading more on LT..

Observe that OI is heavily built up at 1600 & 1700 ... it shall be interpreted that 1600 is support &1700 is the Resistance..

Need to study &use this information.

LT fut 2015 Feb 11

Opened significantly up (just above BRN 1600) against the PDC , however within the previous day range...

2) 2 nd candle was a TST- PDH.. it receded ...possible short ... but intraday range is not there yet ..

3) Thought it was a BO-IRH... but got trapped , SL hit..

4) Major part of the day it was a BW around PDH and there was a BO-IRH... trigger for Long with the candle bottom as SL... SL got hit...

It was a LOSS day ...

5) This area is BRN 1600 in spot....with 2 DP's (PDH, IRH) so near & above , its a low risk reward trade... which I would not recommend... but it turned out to be a good one ...

This the 2nd day after a huge RED day on 09/feb. It has to be read in that context....
The big picture is : it came down heavily from 1700... price got rejected below 1600... High probable that it will test 1650 -1700 again as this is the budget month ...

Tuesday, 10 February 2015

AXISBNK fut 2015 Feb 10

1) BOF- PDH was a sell, scope for some profit

2) TST-PDH again gave a sell , scope for some profit

3)BO- PDL was a short , but PDL being so near, it would be better to give it a miss...immediately after that BOF- IRL is a buy , but it is better to give a miss for the same reason again...

4) After the picture is clear that , it is not ready to go down... then plunge in for LONG...

Always see , if there is space there for the trade to move, which is nothing but the Profit potential & the risk reward.
As always it is easy to do analysis at hindsight....

LT fut 2015 Feb 10

After a huge RED day , LT closed near the low of the day, yesterday... Today it opened just below PDL.

1) The 1 st candle with a long tail at the bottom, conveys that its not ready to go down further...

2) The next candle was a BO- PDL . Waited for a buy & went long on PDC , with SL as low of this candle.

3) Exited with a 10 points profit...which on hindsight looked like ..I could have waited till BRN 1600... The whole of this trade is completed even before the intraday range is revealed...

4) BO- IRH was again a buy ...with candle low as SL. And SL hit, which means its not ready to go above BRN.

5) So enter short again , with candle top as SL or wait till BRN & short again...with PDL, PDC, IRL as target..

As always its easy for a post mortem ...

Friday, 6 February 2015

LT fut 2015 Feb 06

PDC gave support ... Intraday Range is not revealed, yet ..The big red candle at BRN gave a clear signal that it is not ready to go beyond BRN...

1. BO- IRL- PDC - PDL , a big red candle was a sell , the long tail though is a tricky one... well, got to exit as it started moving up

2. After spending time abve PDC, a new range is being a buy abve PDC shall be taken... well got to exit again as there is a FTC (Fail to Continue)

3. This is the easy part.... BRN was a clear sell

Its all a post mortem at the end of the day

Thursday, 5 February 2015

LICHSGFIN fut 2015 Feb 05

Started within the previous range...A big red candle was formed....the next candle had a big tail near the PDL and it clearly says it is not ready to go down , OR price got rejected below PDL..

1. BO of PDC was a good buy. NOTE: Though the intraday range was not revealed the previous signals gave a clarity to go long...which was a good profitable trade.. exited with 3 points profit..(real trade)

the following analysis are a post mortem , which is easier to do than the trade...

2. TST_IRH was a sell signal , with a loss

3. BO of IRH was a buy .. but after forming a double top SL hit

4. BRK DWN of IRH was a sell which was a good trade ...

AXISBANK fut 2015 Feb 05

Started within the previous range...revelaed the intraday range

2, 3 .... Break of IRH was a buy ...but after a double top , it could not go .. so an exit at 3 with minor Loss

4. BO of IRH gave a sell signal with the tgt of PDC, IRL

LT fut 2015 Feb 05

1. Started within the previous range ..Intraday range revealed
2.TST of IRH can be considered as a sell signal with DO or PDL as tgt
3. Again same as point 2.

My take:

4,5....As it broke BRN 1700 I was holding short position.. Today exited with just 4 points profit as I got Nervous after watching a whole day without going down .. while the nifty is making a swing of +130 to -25..... Also lately I realized 9/feb is the qtr result day for LT & I dint want to take chance on that part ...

Wednesday, 4 February 2015

AXISBANK fut Feb 04

AxisBNK fut Feb 04:


1. Based on the previous day big down trend day, I was planning to go short @ 600 around. It didnt happen.
2. Chances are if the PDL holds... it may go up... so planned to buy at 588 & close at 590 for a small profit. It did work . 2 points profit.


3. By the time intraday range is revealed... major action for the day is complete...
However the BO of PDC & PDL was a solid Red, which shall be taken as a short signal...

It is easy doing post mortem... had it been live.. dont know what all I would have done ..

LT fut 2015 Feb 04

1. BO of PDL gave a short signal..with the candle top as SL...& it hit...loss of 9 points...
Intraday range is not revealed & it need not have been taken ...
2. BO of PDL again ... SL being candle top was hit...
3. BO of PDL again ... SL again hit...
4. decisive BO of Day low , if it had been taken, it would have managed the day with limited loss..

LOSS day again ...

Monday, 2 February 2015

LT Fut 2015 Feb 02

1. The big red candle , I read it as BOF of PDC.
Did a short & SL hit... loss of 7 points.

As a matter of fact... this trade need not have been executed, as the intraday range is not completely revealed.

2. BO of IRH , is a good buy, but PDH is so near that there is a vey little space for the trade to move, hence it should be given a miss...

3. BO of PDH gave a buy , it could have given some points profit

4. Breakdown of PDH gave a sell signal, with IRH being so near... it's better to give a miss... , indeed it dint not go down beyon IRH....

5. TST Of PDC & DO was a good LONG... with so much space ...

Overall it was a lose day for me as I dint execute all the trades ....