The benchmark Nifty 50 is expected to open gap down. It could see further botom levels till atleast the European open. Could see a sharp trace back short covering rally during the late afternoon session. Hope to recover today!
I am back after a long break during which I have backtested an algorithm. It isn't anything that needs coding or programming but something that's built on my intuitions. I am now an active participant in the Zerodha 60 day challenge too. Will try to win it to see if I can trade full-time!
I am a big fan of the smaller sized private banking entities in India. The bigger ones don't really enthuse me. I am more of a fan of the smaller ones that would emerge as the next blue chip companies. One such stock is the Federal Bank share. I booked 1.2 % profit on Fed … Continue reading Federal Bank
I am normally an index trader and a stocks buyer. I am a firm believer in fundamental analysis and privilege it over any form of technical analysis. I do not discount technical analysis altogether, however! I do look at the charts and consult them for ultra short positions, typically intra-day positions that last for little … Continue reading Sold Jet Airways! Jun 20
The benchmark NSE Nifty 50 is all over the place today. It opened a little red due to negative Asian markets sentiment and profit booking. The technicals too look all over the place and a clear trend is missing as of now. Not gonna trade today! I am just going to sit on the sidelines … Continue reading Nifty is all over the place! Jun 20
This turned out to be a profitable one for me. I made an 8 point profit to cover my loss earlier in the day. So as it turns out, I exit on a green note! I will see if I could trade again for the day. It looks a bit unlikely at the moment but … Continue reading 19 June trade 2
I bought at a little higher level although the forecast was to short at higher levels. Exited with a very nominal loss ahead of the European markets open.