Day Trading Journal - Value Zones

[ValueZone]

4988 hit, buyers may emerge if it comes down to 4968

Cancelled as it missed 4900 by 10 points

 

[ValueZone]

Levels for Tatasteel - 418.3, 427.5,435,431.3.446.8. Expected bias is down but it may trade up to fill friday's gap.

 

[ValueZone]

Nifty Futures Levels - 4863.4909,4980-4985

 

[ValueZone]

Nifty Futures Levels - 4863.4909,4980-4985

Sell aaround 4863 SL 4883.25

 

[ValueZone]

Sell Tatasteel 428.5- 429 SL 431.15

 

[ValueZone]

Sell Tatasteel 428.5- 429 SL 431.15

Now at 420, 8.5 point profit for a risk of 2.5 points, book partial profits

 

[ValueZone]

Now at 420, 8.5 point profit for a risk of 2.5 points, book partial profits

Cover rest of the position now 428.5,

 

[sunny_ndl]

Good work, nice expectation on nifty . Can u suggest how u r analysing. Iam recently purchased amibroker, and having datafeed from GFDL. Not able to analyse.

 

[ValueZone]

Good work, nice expectation on nifty . Can u suggest how u r analysing. Iam recently purchased amibroker, and having datafeed from GFDL. Not able to analyse.

It is a long journey to learn. Start with some basic books and observe markets. It requires time and experience.

 

[ValueZone]

TATASTEEL - If open is between 422 - 435 then it may trade rangebound between these two levels. Breakout immediately after open or open beyond these levels will give good directional move.