BHEL

One reader wanted View on BHEL.

Here is Chart, nothing very interesting there.

As of now no strength, and there is no point to be very hopeful.

@ SN

NIFTY 31/1/2013 Expiry Day

EOD Analysis :

# NF had Small Range Day i.e. Approx 27 points.

# One more Neutral Center Day.

# But Development was Below PVP, YVwap yesterday.

# Ref Level of 6074-77 Held.

Expectation   : 

# Possibly slow start to the day.

# Open May be inside VA , near POC.

# Probable Trade in the direction of  Breakout to the Yesterday Balance.

# Last few Expiry day were quite, Hopefully today will be different.

Nifty Future For 30th Jan 2013

Yesterday Nifty Future had Neutral Extreme day.

Where there was Range extension on Both sides of Initial Balance.

# Things to watch today if there is continuation to that. or it Opens Back inside Range.

# Imp Ref Points 6052 , if opens above that with +ve bias , i will Try longs for 6072-77.

# Continuation of Yesterdays down move can take us to 6013.

# Failed auction @ 6013 on 25th Jan, Today being third day, watch that out.

Sobha Developers

# Nice Base Building for more than Two years. As you can see how stock had serious fall. so base building is  
  required for any move further

#Series of Higher highs, Higher Lows on weekly chart. It means strength is returning to stock.

# Resistance was near 400 -410 Zone. ( Yellow Dotted line )

# Also there is Head and shoulders pattern, Neckline of HNS ( Magenta Line ) pattern got broken on 18th Jan with Good
   Volumes.   Target for this comes around 580.

# One can enter long on any fall or in small lots till 400.

# Use Break out Bar Low as stop which comes approx. 370


Any Queries, Do Revert back. You can mail me capitalbee8@gXXX.com 

Happy Investing. 

Axis Bank Open Trade Analysis

Here is chart for AxisBank Future suggested @ Open .

 Logic behind trade was ,

# AxisBank Open Type was  Open Drive out of Range and  out of Value Area.

# First few minutes showed strength.

# In such setups, best thing to do is go with Open bias, depending on daily structure of stock. Which was up
   here.

# Trade Entry was done near 9.21@ 1453.Then it was smooth sailing for stock, exited @ 1478. ( + 25 )

# # RBI policy was @ 11, so exited just before big news, as it gets volatile post news.


Many times one gets chance to enter on small retarcemnt. One should decide whether to wait or enter immediately based on strength of open.

As it was clear that AxisBank had Open drive, which has highest market conviction.

Here is Image for Open Types,

Open Trade Ideas 29/1/2013

Axis Bank : Open drive, +ve Bias ,can initiate longs on retracement till 1440-45, make sure to exit before 10.50am


NF : Seems range bound in 6061- 6085 range. Bias Neutral .

Nifty for 29th Jan 2013

This is what was written ,
Important Ref levels for Monday is 6061, its crucial level to keep bias positive. 

Today's low was 6063, n moved till 6091. Missing 6100 once again.

As per Market Profile view it was Neutral Center day , As there was Range extension to Initial Balance on both sides. Closed near POC.

Key points : 
Small range day ahead of big event, but VA developed higher, POC also moved up.
So possibly after RBI news , can get Trend day or Double distribution day.

The key reference levels, i'm giving here are based on Algo bars, ( will discuss this later. )

6061 we carry it as imp ref level to tomorrow.
Today 6091 imp reference level.

TataSteel Open Trade Analysis

Today Morning Open Trade was TataSteel.

Trade logic was ,Friday TS had failed Breakdown and closing near Highs.

So expectation was continuation of that Momentum if it opens Above Close, which it did today.
After  open and seeing it was sustaining above 407.70-408 level, Initiated Long.

Long was in Immediate profit, then Probable target was 24th Jan Value area High i.e. 412.

But we never know and can never control how market moves and how it achieves probable targets.
All we can control is Risk.

In Day trade Once Trade is in profit , there is no point in seeing it turn into looser.
So tightened stop loss, which got hit in one big bearish bar.

Tatasteel offered one more Long trade @ 11.23, with good n meaningful Delta divergence .
Long after entry back into Initial Balance  which hit Target.

Attaching here Delta Div image., stock later hit 411.30.

In TS we had both side RE of IB, closing @ one extreme, Making it Neutral Extreme day.
Lets see if it will show continuation to it tomorrow Morning. 

Open Trade

 BUY TATASTEEL @ 409

STOP =2 points

Nifty Future Analysis For 28 Jan 2013

Nifty Future is moving in tight range of 6000-6100 for nearly two weeks.

As per Volume Profile charts, for 3 days Value was developing lower.

On Friday Value area was overlapping higher, with buying prints developed @ 6024 on 23rd Jan and 6028 on 24th Jan.

So bias is now mildly bullish.

Open drive above 6080, can take NF to 6100-6110.
And if it opens back in upper balance zone, below 6075-71, can go down again to 6040.

Lets see how it opens in relation to  Friday close.

Important Ref levels for Monday is 6061, its crucial level to keep bias positive.

Major Trigger for market now is RBI policy on Tue 29/1/2013. So may be break out of this zone will happen after news.

NIFTY Futures Analysis for Wdnesday, 23Jan 2013

Nifty formed balance near recent highs, but later traded all the way down to close around Friday Low. Now important reference point for today is Tuesday Low, 6054, holding this level may lead to retest 6078 or 6100. Blow this level it may test 6000 levels today. The broader expectation for next few days is bracketed market between 6000 and 6100. Today open is important, open will give important information about directional bias.

NIfty Fut Open Trade 22/1/2013

I hv Shorted NF 6099..Stoploss 6107

Strictly Open Trade 

Nifty Future 22-1-2013

Nifty Future Market Profile Chart

As it was discussed in previous post about Balance Profile,NF made move out of that balance area to upside.

About  morning Open Short Trade NF made lows near 6070, level mentioned to watch on downside was 6068 :), Half qty was booked @ 6076, rest scratched.
In afternoon session there was move on upside away from balance, closed out of VA.



Things to watch out tomorrow :This is foot print Chart. After Breakout on upside there were consistent algos @ 6096-98 level n that's exactly where NF closed.
So watch out Open , if that print holds out Market is in bulls hand, one can try longs with 6084 as Stop.
If 6096-94 Breaks ,  NF will be back into previous balance proving this to be fake Breakout.

If any queries about charts n explanation, Let me know in comments section.

Happy Trading. :) 

Open Trades 21 Jan 2013

Short Nifty Future near 6083-85, Stop Loss 6094

Nifty Future 21 Jan 2013

Friday was small range day , Aprrox 33 points.
Perfect Bell shaped, giving both sides Range Extension.
Closing on the lower side of VA.
With Vwap n Pvp nearly identical.
So possible trade in NF will be on side of imbalance.

Ref points 6088-6090 On upside and 6068 on downside.
Trades on Open Bias.

Have Nice Trading Day.

Swing Trade

Please Have a look at charts, self explanatory.

These two stocks are Swing Trade ideas.
  

Bharti Airtel  :-

BlueStar :-

Open Trades

Short Nifty futures 6082 StopLoss 6089

Short TataMotors Fut 330.60 Stoploss 332

Trade Ideas 18 Jan 2013

                                  " Plan Your Trade n Then Trade your Plan "


Posting charts of Nifty Futures, TataMotors Futures, TataSteel Futures.

These are  stocks in my trading list for tomorrow. Trade will be decided only based on Open bias.

If opens near ref points , then Ok, else trade is not taken.

As i Trade live at same time, it makes difficult to post charts live, so posting charts for reference.

During live markets can post only Trade n levels.

Will update charts once m free.

Anyone has any query about charts, do let me know,will try to explain.

Happy Trading. :)

SBIN- Trade Review

Posting today's  SBIN chart.
Our morning Trade missed Target By just 1 point, n in targeting few more points, Trailing stop got hit.
Net : 7-8 Points +

SBIN-Open Trade

TVS MOTOR

Seems Good Buy as  sustained above previous Swing highs, For Target of 56-70.
Keep Stop-loss of  44.

Will take review of all stocks published here once a month.

Happy Trading.

Live once Again...

           "Practice is not the thing, you do once you are Good,
                Its the Thing you do that makes you Good. "
 
Hello Readers,

Once a Trader always a Trader.
In my previous blog, posts were mostly about Day Trading. (http://mercurycapital.blogspot.in ),
But many readers wanted to know and see charts for swing, short term.
and somehow i wasn't able to comment and edit on that blog.
So i decided to make new blog and managed to import all posts from previous blog.
Hope this will be better too !!

Happy Trading.

New Blog

Hey All,

http://capitalbee8.blogspot.in

I have decided to make new blog and managed to import whole blog in new one.
So Please check new one..probably Better also. :)