Deb Trades

Sunday 8 November 2015

BankNifty Consolidation Moves

Previous Post:
1) Bank Nifty Traded almost 9 months in the range of 19125-17509 = 1616 points.
2) Green support line should be holding for any up moves.

1) Jindal Steel made a bullish harami today but I doubt if that can help anymore.
2) Can be shorted at current level (76.65) with stop at 86.5. No reversal to long. If we are in 4th target could be around 56.

Tata Motors

1) Moving to strong resistance area (410-418) , will soon give a sell signal, till then stay tuned.

Previous Post:
Nothing interesting here trail your shorts using 8 EMA or 10 EMA.

Bank Nifty Spot Daily Chart

Previous Post:
1) Bank Nifty continued it's range trading as mentioned on 03/11/15, 17430-17170. Decisive move only beyond this range.

Bank Nifty Spot Daily Chart

Previous Post:
1) Inside bar BO failed today and continued in range of 5 EMA (HIGH, LOW). Holding low of 02/11/15 at around 17170 this can make another attempt tomorrow. Else will continue in the range of 5 EMA (HIGH, LOW) which is for tomorrow at 17503-17293.
2) Shorts can be trailed with 5 ema (17421), 8 ema (17454) or 10 ema (17481) and can be reverted to long when hit.

Titan ST View

Titan Daily Chart


Titan Weekly Chart

1. From weekly chart it is clear that the correction is over at 61.8% fib level.
2. From daily chart looks like Titan has started the next move up and the target is 447 initially and then to 487.
3. Long should have taken at today's close at around 356 with SL at todays low ie 329.

1. Today's daily candle "bearish kicker".
2. Triangle breakdown.
3. Bearish Gartley.
4. Shorts should have initiated at day close (865) with SL at day high (879) for target 1 at 840 and target 2 at 815-816.

Bank Nifty Spot Daily Chart

Previous Post
1. Bank Nifty trading in a range approximately between 17430-17170 ie. 260 points for last 3 days. Also 5 day high, low ema respectively 17521 and 17307. So high probability bank nifty will continue trading in 17521-17170.
2. Today's daily bar has created a Doji/ Hammer/ Insight bar. So simple rule: Trade the side in which market open tomorrow. If gap up take long, for gap down take short.
3. If already carrying short use inside bar trading rule i.e long above friday(30/10) bar high (17400) or trail using 5 ema (17461) or 8 ema (17490) or 10 ema (17515.5).
4. If flat open wait till inside bar break out doesn't happen ie long above 17400 short below 17170.

Bajaj Auto Future Daily Chart

Previous Post
1. Shorts taken at 2563 can be trailed using 8 ema (2544.5).
2. Next support zone 2392, 2376 zone breaking this zone will target 2211.

Bank Nifty Long Term View

Bank Nifty Monthly Chart

1) With September low banknifty has retraced 38.2% retracement of it's move from 8430 to 20900 (approx).
2) Target looks like 61.8% retrace or ascending trangle BO point i.e 13200 approx.

1) Closed below 5 ema low (17450) at 17354. Hence trend is down.
2) For 02/11/15, 5 ema high low = 17595 and 17357. Hence if trades in between it is sideways.
3) 5 ema = 17461, 8 ema = 17533, 10 ema =17554.
4) Candle pattern = bullish harami. Need confirmation tomorrow.

Bajaj Auto

Bajaj Auto Daily Chart

Bearish Engulfing with double or triple tops. Seems like the slide begins. A lower closing tomorrow will confirm the pattern. Shorts should have a stop at point 1 + any filters.

Introduction

Hi All,
This is Debdeep. I have been into trading since 2007 and this is the blog that I will be using as my trading journal as well as my trading blabbering et al. The contents of the site shall not be considered as any recommendation or tips offered to buy or sell any security or financial instrument or to participate in any particular trading or investment strategy. I will not be responsible for any liability/loss incurred to individuals or any other party due to usage of any content presented in this blog. It is ultimately their own responsibility.