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.

A three day effect….

I have decided to go volume business inspite of brokerage losses for two days consequently. On Friday I continued to go and made an Rs 2200+ at gross level. The surprising incidents happen in which I normally consider as luck that the Share khan site went trouble. The whole day on Monday went with out volume. Tuesday is holiday due to Bakr EID. Today the BSNL server was down. On Monday the site got trouble at 11-11.30 am and today the net was down at 12-12.30pm.

To day I wanted to go long but the morning selling pressure in ICICI bank and weakness in SBI forced me to look for low cuts. In the process I focused on Relcap, sold 100 but bought 500 to hedge and take the temporary up moment. This went wrong and I was up set as I wanted to hedge the 100 against with 250 but the two orders placed as the first one was missed in the first instance. The sick feeling indulged me to go short in REL for a rupee which I wanted to test the waters but failed to come out of the wrong direction just to make money out of the deal and the scrip that to in wrong direction made me to loose the gains I made in the morning.

I wrote in the blog that the markets will cross the 2935 level but failed to take advantage. The luck also spoiled the sport. The REL was chosen to buy at 577 level, placed an order for 250 quantity but the tab touch used in 5paisa is different and ShareKhan puts the double tab to cancel. I tried, pressed enter as if I am buying but did no use as the system under stood I wanted to cancel my place order. Again the same situation came when I wanted to buy 500 icici at 386.5 level. REL went upto 607 and ICICI went to 405. I don hold up to that last point but the 1000/- was missed for lack of practice or luck.

UJWAL TRADING.....

• U=ULTIMATE
• J=JOURNEY
• W=WHERE
• A=ALL
• L=LEAD

UJWAL TRADIND IS NOTHING BUT "ULTIMATE JOURNEY WERE ALL LEAD"- JUST LIVE THE TREND. FOLLOW THE TREND AND MAKE OTHERS FOLLOW YOU.

ABC RUN & TRADING

TRADING IS ALL ABOUT ABC-RUN

• A = ADD POSITION AND RUN THE POSITION

• B = BUILD POSITION AND RUN THE POSITION

• C = CLOSE POSITION AND RUN THE MARKET

B.NAGESWARA RAO