The morning move…

The morning deal in ICICI bank made me to go for a protectionist trader. The first buy of 250 shares at 401.35 was closed in 43 seconds, sold at 403.70

The fear of loss pulled me back as I made no good money these days inspite of my change in my trading style forced to take a back seat. I was very bullish on Relcap but failed to notice the move as I was already engaged in ICICI. The scrip was available at 482 ralled up to 493 then to 497. The markets fell by 20 points it came to 490 level I bought at 490.25 then again fell to 488.65. I bought another 25 but sold for a 52 rupees profit. Later surprisingly 5 share was short due to my double sell in the same counter at 487.65 level. I could notice this only when it is trading at 495 level. I started scolding my fate, true some extent again shorted 5 to make up the loss but the scrip rallied to 499 from 495 level. I started scolding for my foolish attempt to average in bullish scrip by selling. Some how I accepted a loss of 20 rupees apart from losing my 52 gain. This is a classic example of 52 from 50 shares wiped out with 5 shares of wrong deal.
Later I identified the Rel infra but due to my fear of loss I was very selective in my selling at 607-11 level. It fell up to 580 level.

I made a mistake by selecting LT at 776 which I thought it will low cut
at 768 level but the choice was wrong went to 784 level and the Nifty rallied from 2910 to 2940 level. Due to this I was again scolding my self for being in position against the trend.
I told to Hema that the Relcap is likely to touch 480-83 level when the ruling was at 495. The markets cracked down Rel infra fell from 606 to 596 level, I opted to sell LT, sold 25 shares but of no use as it was strong at that given instance. I sold BHEL 10 shares and covered but the LT was there where I sold so I covered but ultimately it came to a low of 759, I sold at 775.10 covered at 774.65.

The story of ICICI bank was very interesting, I sold 100 at 402.8 covered 95 at 402.35 I t went back to 403.5 level. I covered, again sold at 404.4 covered at 404.1 but finally when the fall resumed I became a spectator as my chase yielded no result but cancellation my the orders. It touched a low of 393.10. I bought 25 at 394.7 sold at 395.35 I came back to 409.0

Due to my contracted punching volume and speed limited my gross at 870 level but I was very happy to close with positive note.