Day Trading Journal - Value Zones

[ValueZone]

Hi,

The trades are based on levels where I expect demand supply imbalance may occur. They can act as support/resistance levels.

Here is a nifty chart marked with some levels for today.

 

[ValueZone]

Expected directional bias for the day is down, so buyint at 4908 is not a good idea.

 

[ValueZone]

Sold around 5000 SL 5015.XX Target 4950

 

[ValueZone]

Toda's expected Bias is down, and important levels.

 

[ValueZone]

Tata Steel - Bias Down,

Levels - 456 - 457, 451-452

451 - 452 is the crucial level, if it holds, then it may trade rangebound for a few days between 450 and 478

 

[ValueZone]

Tata Steel - Bias Down,

Levels - 456 - 457, 451-452

451 - 452 is the crucial level, if it holds, then it may trade rangebound for a few days between 450 and 478

Tata Steel so far,

Next higher level where supply is expected 470. The up move is slowing down around 458 now.

 

[ValueZone]

Toda's expected Bias is down, and important levels.

Nifty poked a bit above 5192, still bias remanis down

 

[ValueZone]

Nifty poked a bit above 5192, still bias remanis down

It remained around the level for too much time, which meanse acceptance of that level. If sellers were dominant at that level it would not have spent much time there. Seeing what is expected not happening is another opportunity. Later it traded upward. Under such situations closing trades at break even or for a small loss.

 

[ValueZone]

Tata Steel so far,

Next higher level where supply is expected 470. The up move is slowing down around 458 now.

Tatasteel close at 462

 

[ValueZone]

TATASTEEL - Today's Levels 458.50 - 459.50 and 471.50 - 472.50. Expected bias - Up