Tuesday, May 19, 2009

TRADING DAIRY FOR 20/05/2009


19/05/2009
  • The Way Markets Have Moved In Last Couple Of Days - Makes The Trade Setup Very Risky. Trading This Market Is Like Playing With Fire Because It’s Very Tough To Take A Call On Entry And Exit Points. 
  • Today - The Trend Is As Per Market’s Expectation But We Need To Keep A Close Eye On The Market To See If Any New Trend Is Emerging - Which Is Not Being Talked About Right Now.
  • This Is Not A Bull Run - It Is A Home Run. This Indicates The Importance Of Leadership And Political Direction And The Waiting To Happen Potential Of Our Country. Stocks That Will Directly Benefit From Reforms And Policy Changes Will No Doubt Rise More Than Others.
  • The Main Trend Is Up 
  • Now We Will Have Bigger Range To Play From 3700 - 4000 - 4670
  • LEVEL FOR THE DAY
  • TECHNICAL OUTLOOK :
  • Imp Support 4225, Imp Resistance 4415,
  • Likely Trading Range 4130-4510,
  • Trade on long Above 4300 and Vice versa
  • Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.

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