diary of a day trader

[ajeetsingh]

Long positions need to be trailed tightly.Any rise from here may be used to take profits. Nifty is expected to show some corrections by the week end. Post April 29th, the upward correction may resume.From May 03rd, decline may resume.
So a roller coaster ride seems to be on the cards.

If we consider the decline from 6111.80, then 5800 represents 50% corrective stage. ( An important Gann percentage.) If we consider the decline from a more recent 5990, then 5795 represents 61.80% of retracement.
So while there could an attempt to move towards 5875, caution must be exercised for a decline, before 5875 is attempted.
For the medium and long term,remember we are in wave B? Also Jupiter is still in Taurus, till May 31? So the uptrend from 4531 is still intact and may continue.

 

[ajeetsingh]

Hi friends,
I wont post any levels tomorrow and on tuesday as i will be out of home town for job purpose.
I know Nobody will miss me as i am new here but still wish you good luck for these 2 days.

AND

 

[rajgreenpeace]

Hi friends,
I wont post any levels tomorrow and on tuesday as i will be out of home town for job purpose.
I know Nobody will miss me as i am new here but still wish you good luck for these 2 days.

AND

Good job keep it up.......You may b new but ur idea is old(Gold)soooo:thumb::thumb::thumb:

 

[Gandhar.]

given the momentum of this last weeks run and today's open there has to be some pause to cool down and to add some fuel for expiry

the trend lines in above image show 5832-5835 shows a good resistance

 

[TradeJoker]

Did you see d advertisement on Traderji front page?example .....Alpha3x.com

hamara sarkaar bhi yahi karraha hai .. buy fevicol before train journey

 

[TraderRavi]

BNF running like mad horse...........

 

[Gandhar.]

given the momentum of this last weeks run and today's open there has to be some pause to cool down and to add some fuel for expiry

the trend lines in above image show 5832-5835 shows a good resistance

banknifty at discount for april but even for may it is deep in discount whyyy?
can anybody explain?

 

[Gandhar.]

BNF running like mad horse...........

shorted may @ 12485

 

[Gandhar.]

5832-5835 area played to perfection on my expectations booking some profits at 5770

 

[TraderRavi]

om shri ganeshay namah :

oh god I need every possible slice of good luck this week........to get my confidence back after last few days consecutive losses..................

so far so good..........4 trades ...all positive in nifty/banknifty call/puts.............:thumb: