Hey Rajputz
I m not able to understand wher this market is going.
So much volatility. Today I shorted ACC which was showing bearish signals due to to its expected down results. But then Market become too much positive & then ACC too get in gainers which was on top of loosers in morning.
Even during this period ACC declared results which more less than the Brokers estimation. Even after that ACC was gaining. Now this is really difficult to understand.
Can you please guide in this if you have any idea.
AshPats
Hi ashpats,
Nifty has given the sell signals to me on daily chart and not on weekly, but still i need some more signal to short on daily then only it wil be valid. what i am doing presently is taking a trade on hourly charts and following it with very tight stops so that profit remains with me. Nifty ash currently a range of 6290 and 6050...it has again come in this range. once break this range on lower side in two days i will be definitely b short on daily charts, but if it breaks to upper side, then i will be little cautious as that will be needing a second thought too. Currently it is better to trade with tight stops. And do have good system to follow. I have mine and it works well.
The move today was expected to me cause as i already said that i will be definite for fall on second sell signal. so i put the stoploss before going in the morning to my entire short list of around 10 stocks. The combined profit day before was around 80000 which when hit my trail stops remained to 40000. But am still happy with it.
Tomorrow i will be having time to update my trades that i will be taking in college. I have got my iifl trading platform to work on proxy so will update tomorrow.
For the time being, let nifyt come out of the range and wait for proper direction. if 6290 is negated again, then it is some assurity for safe side. but then also a stoploss is must, thats what my past experience tells me. And have a system and stick to it.
@ alroyraj - you once asked me the ROE that i have got untill now on my delivery portfolio. Then since august it is 8 percent till now by clearing everything. But that was delivery. I will be doing FNO now so will update once some data is there...might take 3-4 months...i am confident about my system being good to deliver good profit and not a loss..if loss then also it is expected as it is part of trading.
