MySAR for 16th May


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Matru Devo Bhava......



http://youtu.be/MwkNopB1ibI

Life is an unpredictable journey, where we get surprises at every moment, when we opened our eyes in this world until we close. At any point in our life we can not predict what is going to happen with us in our next moment or day or year. 

We just can work to improve the probability of what we want to make happen, but there could not be complete surety. This is the reason life always surprise, teach us at every moment because we do not know about our future and in reality it is the real fruit of life.
 
We are also in same kind of profession, which is full of probability. We cannot predict what is going to happen, but we can examine what is happening and can find out what could be the most probable move are coming, but they could not be sure.
            
So whenever we made a good trade in market, it means probability goes in our favour and our analysis was good. But if we made a bad trade in market, then it means probability goes against us. It is not necessarily that our analysis was wrong. 

An method or analysis in market could be wrong. But if a method is working in market and giving us good trades, then it does not necessarily that it will keep working in every trade and our every trade will be a win. It could also be wrong in few trades or i should say it must fail in few trade because there is no 100% success formula in market. 

So whenever we failed in market, it simply means probability goes against us. Do not frustrate yourself too much, we all know very well it is a part of probability. 

Just follow the discipline, cut losses quickly and do not let your emotions to hurt your next trade.
(Source : Email received from one of my teacher)
  
Today’s Trading potentialies (breakout system) for 16th May
Nifty Future above 7155...may reach 7170/7185/7205/7225/7245
Nifty Future below 7120...may reach 7105/7090/7070/7050/7030
Bank Nifty future above 14330...may reach 14375/14415/14445/14485/14525/14560/14595
Bank Nifty future below 14245...may reach 14210/14170/14135/14095/14040/13990
 For Positional traders : For those who trade like Investors
AxisBank in cash can be bought @ around 1647 with sl of 1631
...may reach 1678 and 1688
LT in cash can be bought @ around 1361 with sl of 1651
....may reach 1391 and 1404
ACC in cash can be bought with support of 1364 and 1354
....may reach 1390 and 1397
Reliance in cash can be bought with sl of 1041
....may reach 1067 and 1079
SunPharma in cash can be bought with sl of 605
....may reach 639 and 646
BankBaroda in cash can be bought with support of 904
..may reach 939 and 947
TataSteel in cash can be bought with support of 447 and 439
....may reach 474 and 479

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Weekly Pivot Levels
Security
W-S3
W-S2
W-S1
W-Pivot
W-R1
W-R2
W-R3
Nifty (Future)
6503.10
6794.50
6968.80
7085.90
7260.20
7377.30
7668.70
BankNifty (Future)
13052.28
13640.98
13970.67
14229.68
14559.37
14818.38
15407.08

Daily MySAR Levels For Future Segment :
https://drive.google.com/file/d/0B_kb8cijwPZvOE5sZmI1QnNBUUE/edit?usp=sharing
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Daily MySAR Levels For Cash Segment :
https://drive.google.com/file/d/0B_kb8cijwPZvZ2JiY01vWFVjY2c/edit?usp=sharing
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Don't miss to watch: updated upto 11th  April 2014
To watch the performance of MySAR :
https://drive.google.com/file/d/0B_kb8cijwPZvVFBmUXlrOF9tVlk/edit?usp=sharing

For other Nifty 50 (future) scrips click link :
Do not enter into a trade without referring past data. It will save your trade from catching the running train.
If  the price of the scrip ran up or down too much during last few days, please please do not take fresh entry either of short or long otherwise it will be considered as catching of  running train and in such cases price in near future may move against expectations resulting into losses. Better wait for breach of MySAR_A level for fresh trade......
Patience pays...........
Presently holding Position :
Positional longs in NF at 6771 (booked April booked April series)
(booked at 6795, 6835 (+ 88 points)
Positonal longs in BNF  at 12751 + 12885(booked April series)
(booked at 12830, 12951, 13090 (+ 484 points)
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Positional longs in NF at 6861+ 6825 (booked fulled and Reversed)
(booked at 6895 (+34 points)

During the day SAR breached and we took shorts and covered partially, but again crossed SAR giving us whipsaw .....but at the close again declined and breached SAR forcing us to take short trade again to carry. The intraday trades have been shown  in the today's triggered list.

Positonal shorts in NF at 6770 (booked fully) 
(booked at 6785 (-15 points)

Positonal longs in BNF  at 13031 + 13151 + 13130 (Booked fully)
(booked at 13210, 13190, 13180 (+ 268 points) 

Due to opening gap up, we exited positional shorts and took longs, booked profits, but again it breached SAR, and accordingly we took shorts.


During intraday it breached SAR, we closed our positional longs and took shorts, booked profit, but at the close it again crossed SAR for long, and we took long trade accordingly.

Positonal short in NF  6725 (fully covered & reversed)
(Booked at 6690, 6705 : (+55 points)
Positonal long in NF  6715 (2L) + 6755(2L) + 6810(2L)+ 6915(1L)+ 7125(2L holding)
(Booked at 6765, 6805, 6851, 7045, 7190, 7145) (+765 points)

Positonal longs in BNF  13015+12990+13130 (2L)+13510(2L)+ 14091+14210(2L holding)
(Booked at 13110, 13330, 13750, 14200, 14440, 14315 (+2640 points)


16th May is the event day. Election result are going to be declared during the market hours and market may remain too much volatile. And to be safe we booked out one lot in each nf and bnf today and carried longs of 2 lots in each. 
Generally when SAR number is very far from the current price, we need not put stop loss for the positional trades, but considering probability of heavy volatality, it is advisable to put stop loss near appropriate technical level (either DHEMA or DLEMA or SAR itself) 
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Trades triggered on 15th May

1. AxisBank (F) long at 1651…………………..booked at 1662 (2750 profit)
2. HCLtech (F) long at 1422……………………booked at 1429 (1750 profit)
3. TechM (F) shorted at 1827………………….covered at 1822 (1250 profit)
4. M&M (F) long at 1095………………………..booked at 1106 (2750 profit)
5. SBI (F) long at 2302………………………….booked at 2288 (1750 loss)
6. PNB (F) long at 846………………………….booked at 851 (2500 profit)
7. PNB (F) long at 852………………………….booked at 857 (2500 profit)
8. RELinfra (F) shorted at 589………………..covered at 592 (1500 loss)
9. TCS (F) shorted at 2219……………………covered at 2209 (1250 profit)
10. TechM (F) long at 1855……………………..booked at 1875 (5000 profit)
11. AxisBank (F) long a1664……………………booked at 1675 (2750 profit)
12. RELinfra (F) shorted at 589………………covered at 583 (3000 profit)
13. ICICIBank (F) long at 1408………………..booked at 1415 (1750 profit)
14. ICICIBank (F) shorted at 1403……………covered at 1395 (2000 profit)
15. LT (F) shorted at 1390……………………..covered at 1382 (2000 profit)
16. LT (F) long at 1391………………………….booked at 1397 (1500 profit)
17. BNF BTST at 14281………………….booked at 14350 (+ 69 points
18. BNF (4L) long at 14308……………...booked at 14336 (+ 112 points)
19. NF BTST 7147………………………..booked at 7171 (+ 24 points)
20. NF (2L) long at 7134…………………booked at 7158 (+ 48 points)

 Following table clarifies today's triggerred trades

 This will be updated after election results
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Three Thumb Rules :
(1) Always trade only at the levels given.
(2) Keep booking profits without missing a winning opportunity.
(3) And once in profit, trail stop loss to the entry level to protect the capital funds.
Wish you all happy and profitable trading ahead……
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http://mytradingtechnique-mysar.blogspot.in/2013/03/have you-incurred-loss-in-stock-market.html


Many Many thanks for Inspiration.....Motivation ....