My EOD Stock trades......updated regularly

[Nifty Trader]

Open Positions:

1) Ajanta Pharma bought on 13th Mar @ 436.45, SL below 521
2) Kajaria Ceramics bought on 30th Mar @ 168.5, SL below 170.5
3) TVS Motor shorted on 9th Apr @ 42, SL above 42.45
4) Renuka shorted on 23rd April @ 32.05, SL above 34.6.

Note: Words in Bold denote a change from the last post (esp. SL).

 

[jamit_05]

Hello Nifty_Trader Jai,

I have a question regarding stocks. You come across as a well informed person, therefore I would appreciate your opinion (on mine)

Please look at the monthly chart of Infosys (for ex.) and bring your attention to the volume.

One will notice that there is a distinct bifurcation in nature of volumes around 2004. After 2004 the volume suddenly thinned out.

Mathematically,

Let,
A = total volume of shares traded from 1998 to 2004 (adjusted for spilts not bonuses, since they do not show in the chart data)

B = total volume of shares traded from 2004 to current, 2012

Our focus is A/B;

For infosys,

A = 5003679962
B = 998802680

The ratio A/B = 5

If A is almost 5 times greater than B, then one would think that participation was relatively weak after 2004. After 2004, even the major monthly supports do not have serious participation. Therefore, any semi-serious cue (global or local) could easily break these supports. This is because,

Ones who bought before 2004, at sub-700 prices, would be happy to book profit at current prices. No wonder Infy saw the sharpest fall in its recent history.

Please provide your views, especially contrary ones.

 

[Nifty Trader]

Open Positions:

1) Ajanta Pharma bought on 13th Mar @ 436.45. Sell within 5 mins of opening tomorrow
2) Kajaria Ceramics bought on 30th Mar @ 168.5, SL below 170.5
3) TVS Motor shorted on 9th Apr @ 42, SL above 42.45
4) Renuka shorted on 23rd April @ 32.05, SL above 34.6.
5) Raj TV bought today (26th April) @ 159.6, SL 146.8.

Note: Words in Bold denote a change from the last post (esp. SL).

Jamit_05 - I shall reply to you tomorrow.

 

[Nifty Trader]

Update:

Since Ajanta Pharma has opened strong, we will give it one more chance to go up. SL updated to below 529.9.

For everyone's reference, it opened at 550 and remained strong. CMP at the time of posting the update was 552.

 

[GainsOne]

Hello, Nifty Trader.. Nice thread..!!
Well u dont go by ur name, coz u dont trade nifty at all.. anyways jokes apart..

Your EOD trades are going great..Some questions here..

1. Selection of stocks..??
2. Ur system being used??
3. Any other resource material being used??
4. Which TA tools u using.??

Pls drop in a PM if u dont wish to share details in forum..

 

[Nifty Trader]

Open Positions:

1) Ajanta Pharma bought on 13th Mar @ 436.45. SL below 529.9
2) Kajaria Ceramics bought on 30th Mar @ 168.5, SL below 176.93) TVS Motor shorted on 9th Apr @ 42, SL above 42.45
4) Renuka shorted on 23rd April @ 32.05, SL above 34.6.
5) Raj TV bought today (26th April) @ 159.6, SL 146.8.

Note: Words in Bold denote a change from the last post (esp. SL).

Highlights:

Yesterday I had written Ajanta Pharma to be sold within 5 mins of open. That was based on yesterday's price action which suggested weakness. Today it opened around 550 and stayed strong for the 10-15 mins that I watched it suggesting strength and leading us to believe that yesterday was either an aberration or a deliberate attempt to shake off weak hands. Hence, I decided to give it one more shot and updated the position from one of exit to one of trailing SL (as mentioned in today morning's post around 9:45).

Sure enough the stock rallied substantially through the day & hit an all-time high of 604 (up some 12-13% from yesterday's close). It eventually closed up 8% at 583 with 8 times average volumes of the past few days.

Regular followers will remember how we were stopped out from Bata by 1 Rupee a few days back after which the stock bounced back. Here's one ocassion where the market has returned the favour. It all evens out over the long term

Lesson: Do not carry pre-concieved ideas. Do what the stock is telling you to do. Most people want the stock to do what they (people) are telling them (the stock). Newsflash - Stocks cant hear you Trade in the moment.

 

[Nifty Trader]

jamit_05 - Will revert tomorrow

GainsOne - Same as above. Today's been a long day. Btw good observation. Yes my id is misleading as I dont trade the Nifty anymore. The id was created in 2008 when I was only trading the Nifty. Unfortunately, I dont think I can change it now so I'm kinda stuck with the misnomer

 

[sanjuasrani]

Hi NT,

Good going, your portfolio value would have shot up today because of spike in Ajanta Pharma!!!!!!!!!!!!

Cheers, making good money.:thumb:

Regds,
SA

 

[timepass]

Open Positions:
4) Renuka shorted on 23rd April @ 32.05, SL above 34.6.

Did you short May series on 23rd April ? Is your SL still 34.6 (CMP=30.9) or have you trailed it ?

 

[stader]

hello Sir, first of all i would like to really thank you for this wonderful regularly updated thread. i was searching for some good eod strategies and just dropped down here. well, after reading your thread i must say u r doing great at ur analysis and also the selection of stocks is awesome. and i hope to flourish this thread in coming time.great days ahead:thumb:
btw are this positions taken in cash or FnO.