Traders Diary

[renu daga]

on 60 min charts we have almost 3 tops at 4100 levls...

if we close above 44 levls,,, we hope to open gap up tom let see just my view,,

renu
no positin to be taken,, since eod is stil in sell mde

 

[renu daga]

so nifty fut fionally closed above 44 band area

renu

 

[smarttrader42]

Dear Friends,

Nifty fut gave a good close and i will not be surprised to see 4345 levels in next
2/3 trading sessions. Level abv 4040 close is gud as per Renu's reading.

Enjoy the trade.

Smarttrader42 (Vipin)

 

[renu daga]

AS SAID..yesterday nifty will gap open,, today

well at that dow was not open also!!!

renu

 

[renu daga]

just start bokling prfit above 4250 and around that...
on my side selling is best at this part

reason this gap wil again will be filled and we can have buying opp
4250 is teh major RSR area

renu

 

[renu daga]

nifty sold at 63 with stop 75

renu

 

[renu daga]

covered at 48

renu

 

[renu daga]

nifty has sucessfuly crosse dteh seond band area of 79 based on 15 min and if its tays far from thsi our stop will eb 40 now the previuos band area

renu
for positon nifty

 

[smarttrader42]

Dear Renu,

I agree......
But investment buying by DIIs and Mutual Funds today is keeping mkts up.

Smarttrader42 (Vipin)

 

[renu daga]

rgt
when i am specifying teh band area...
its clear when the atp/ or trading price is baove band area... dont short stay long
and when its belwo teh band area donts tay long / stay short
now teh main point arises if we go against teh trend ,, thsi should only be donw when we are clsoe to teh band area,,, and our sto is minimum an dclose to band area

renu
any clarification required pls make me know

thsi is one of teh most again simplest strategy....just to watch how the band area is broken up or down in which manner