The challenge to overcome….

The worst effected challenge to cover my short of ICICI bank sold at 459 forced to cover at 460.85 level despite the market fall by more than 20 points, the loss was booked for Rs 569/-. I was terribly shaken due to this forced closure as the extra selling at higher level was restricted due to margin requirement despite of my 95000 margin. The IIFL restricted for selling of 500 shares in ICICI bank.

Later I took the opportunity to 250 ICICI sell at 472.85 levels but I advanced to 473.65 levels where I added 150 shares total cover for profit at 470.35, 470.85 and 481.85 levels. The profit was at the end was Rs 368/-. I relaxed for a bit but missed to buy DLF when Bhulakshmi came at that time. We all greeted her “Happy Birth Day”.

I made some money in SBI when I identified and shorted at 1298.65 levels and coved at 1288 level. I missed to sell ICICI but sold only 25 shares. Later no big deal was made due to fear of loosing the money made. I could stop the over trade with 960 gross profit.

I identified the Bull move in Relcap and the REL infra. The DLF crossed the 309 level I identified in the morning, wrote in my diary. I identified the up move at 283 levels I tried to buy at 291levels but confined to 5 shares instead of 250. I kept my study on and felt happy for being like that instead of taking a position.