My experience in share market

To sustain in share market one must remain tough mentally. Should always remain consistant strategically. Taking position or not is another factor should be taken into account rigorously. Taking some rest for few days may help a trader to come up afresh after a string of bad losses. Taking every loss into sride sportingly is most challenging in this market. Going euphoric after some gain should not be allowed at all before initiating next trade.

For next few days going Sikkim alongwith my family, I'll remain completely off from share market. Hope, join everybody on 13th or 14th October. Bye........

My Experience on 8th August' 2008

Trading with INFOSYSTCH: Observed trading with negative bias. But, market was overall flatish. So, although taken bearish position, could not make profit due to market whipsaws.

• Observation 1: If market remains flatish, entry should be made as close as support or resistance level with thin stoploss.
• Observation 2: Bearish position will be most profitable if entry may be made at the sight of short reversal.

Trading with SBIN: This scrip was being traded with positive bias for last few days above 1500. So, trader waited for taking bullish position at the sight of initial weakness. So, my position being bearish for the day could not help me to obtain profit in today's trading.

• Mistake 1: Could not visualise the market behaviour which was flatish for the day.
• Mistake 2: Srip was originally bullish. So, before taking bearish view, all type of technical confirmations were needed.
• Mistake 3: Multiple trading on any scrip should be avoided.

Track the following stocks

Bullish: ABB, ACC, BHARTIARTL, BHEL, HDFCBANK, MARUTI, TATACHEM, SUNPHARMA, SBIN, INFOSYSTCH
Bearish: TATASTEEL, STER, RPL, RELIANCE, RCOM, RANBAXY, PATNI, NAGARCONST, INDHOTEL, IDFC.

My Experience on 24th July' 2008

Trade No - 1 : Taken bearish view looking at all through negative bias of Share market. IT Sector was negative and INFOSYSTCH broke 1500 also. Went short at 1526 (avg) viewing the scrip at pullback rally. But, it made turnaround. Stoploss should have been immediately above 1530.
But, I waited for 1540 for final stoploss and incurred unnecessary losses in this trade.

1. Mistake (1) : Should have been waited for breaking 1505 again before taking/ increasing short position.
2. Mistake (2) : Stoploss must have been at 1530.
3. Mistake (3) : Should have reversed the trade and bullish position was not assessed.

Trade No - 2 : Changed the scrip and took bulish position on TCS due to immediate turnaround of IT Sector. When TCS crosses 806, wated for pullback and went long at 805. But, it didn't sustain there and broke 800 twice and stopped me out resulting further loss today.

1. Mistake (1) : Script should not have been changed. If sector remaining same, bullish position should have been taken on INFOSYSTCH, because it was being traded with lesser negative bias today.
2. Mistake (2) : Position should have been taken either as close as the stoploss point (800) or after the script crossing 808 comvincingly with maintaining stoploss below 808.
3. Mistake (3) : Today was day for bears only. Trade should have been focussed on with bearish view.

My experience with share market

1. Assessed first overall situation that was extremely bullish. All bank stocks were being traded with heavily loaded positive bias. Betted on SBIN hoping it to move further. Took bullish position with putting stoploss at day's low point. That was my final stoploss. Generally, I bring stoploss point closer looking at the market situation. Today, I reached my profit point set at 20 points higher than my entry point. But, in this case I failed to grab profit opportunity of another 20 points at least. Entry point: 1248, Stoploss: 1229, Profit point: 1270. Stock finally climbed to 1309.
2. RCOM was another stock traded today. Betted on Call Option at strike price of 420. There was profit opportunity, but could not maximise it due to fear of loss that should be taken care of in future before taking position. Entry point: 17, Stoploss: 14, Profit point: 34. But, squared off at 22 observing some weakness of the stock during mid hours of the trading session. Call option reached 35 at the final hours of the session.

My Experience

Obtaining success in trading equity or commodity market a lot subjects to strict discipline equivalent to that shown by the great saint of mankind. Strategy comes later to optimise the success. Stoicism should come naturally to a trader to survive in this market. Situation becomes more hard if one tries to sustain with not so heavy amount of fund.

Today I will bet on RCOM, INFOSYS & SBI and share my experience here in this blog later.

Follow levels during trading of some stocks.

TRIVENI: Resistance: 99.75, 101.25, 104 & 108.45 Suport: 93.10, 90.05, 85, 81.
RCOM: Resistance: 535, 541, 555 & 561 Support: 525, 520, 507, 499.
HDIL: Resistance: 611, 632, 650, 665 & 680 Support: 600, 580, 555 & 535
MCLEODRUSS: Resistance: 86, 90, 95, 99 Support: 82, 79, 75 & 71

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Support & Resistance of Stocks

TATATEA: Support: 760, 740, 720, 700 & 652 Resistance: 810, 825, 850, 880 & 895
NIITLTD: Support: 90, 80 & 72 Resistance: 100, 104, 108, 116 & 120
ESSAROIL: Support: 200, 180, 170, 159 & 149 Resistance: 216, 229, 240, 249 & 257
INDIACEM: Support: 180, 172 & 165 Resistance: 190, 198, 204, 208 & 216

Trade on 3rd March'2008

NIITLTD: First assess overall market situation. If market environment is negatively biased, then go bearish. If it closes below 117.00 or trades below 116.00, go short with stoploss 126.25 and profit target 109.5, 106.5 & 103. Alternately, go short as it approaches 126 ( Bollinger Band, 20,2) with stoploss 132.25 (nearer swing high) and profit target 121.5, 118, 113 & 110.
If market shows strength, if NIITLTD closes above 124, go long with stoploss 116.90 and profit target 131.5, 136.
ESSAROIL: If market aligns with global cue and take deep plunge, then observe this stock. Go long as it approaches 233, with stoploss 219.95 and profit target 265, 284& 305.

Trade on Budget Day'2008

INDIACEM: Go short if it breaks 211 with stoploss 218.10 and profit target 208, 205 & 198.25. Alternately, go long if it trades above 217.5 with stoploss 210.85 and profit target 224.5, 229 & 233.

INFOSYSTCH: Go short if it breaks 1589 with stoploss 1605 and profit target 1572, 1553 & 1532. Alternately, if it trades above 1605, go long with stoploss 1589 and profit target 1632, 1648, 1662 & 1680.

Trade on 28th February'2008

HINDUNILVR: Go short if it trades below 220 with stoploss 225.10 and profit target 215.50, 213.50 & 210.50. If trade breaks above 225, go long with stoploss 219.85 and profit target 235.

ITC: Go short if it trades below 200 with stoploss 204.10 and profit target 195, 191 & 188.

INDIACEM: Go long as close as 198.5 with stoploss 195.85 with profit target 204, 208 & 211.

AIAENG: Observe this stock for long entry with stoploss 1595 and profit target 1700, 1750 & 1795.

Trade on 25th February'2008

HINDUNILVR: Go long if it trades with positive bias with stoploss 212.95 and profit target 220, 224 & 230. For position tarding final stoploss 206.90.

ITC: Go long if it trades above 200 with stoploss 198.45 and profit target 205, 210 & 213.

INFOSYSTCH-1M-Fut: Go long if it trades above 1605 with stoploss 1574.75 and profit target 1635, 1662 & 1680.

SIEMENS: Go long if it goes above 1580 with stoploss 1539.85 and profit target 1638, 1675 & 1725.

Trade future on 13th Feb'08

INFOSYSTCH-1M-FUT: If it trades above 1555, go long with stoploss 1529.75 and profit target 1580, 1600 & 1630. Otherwise, go short with stoploss 1562 and profit target 1532, 1505 & 1472.

NIFTY-1M-FUT: If it trades above 4864, go long with stoploss 4823.75 and profit target 4905, 4925, 4948 & 4997. Otherwise, go short with stoploss 4865 and profit target 4775, 4748 & 4708.

INDIACEM-1M-FUT: If it trades above 189, go long with stoploss 180.75 and profit target 193, 198, 204 & 207. Otherwise, go short with stoploss 194 and profit target 184, 181,176 & 171.

Follow the stocks on 12th Feb'08

IOC: If market shows positive bias, go long with IOC with final stoploss 448.9 and profit target 520, 540 & 570.

INDCEM: If market showing no turnaround, go short with INDCEM with stoploss 201.55 and profit target 175, 164 & 152.

Trade on 1st February'08

JPASSOCIATES: If it crosses 367, go long with stoploss 346.95 and profit target 373, 387 & 395.

INFOSYSTCH: If it crosses 1539, go long with stoploss 1469.75 and profit target 1554, 1607, 1653 & 1702.

Trade on 28th January'08

INFOSYSTCH: If it trades below 1529, go short with stoploss 1540.10 and profit target 1490, 1455 & 1435. Otherwise, go long with stoploss 1495 and profit target 1548, 1575 & 1597. Final stop loss for long position trader 1429.25.

RPL: If it trades above 170, go long with stoploss 165.25 and profit target 177, 183 & 190. But, if it trades below 169, go short with stoploss 175.05 and profit target 165.5, 160 & 156. Final stoploss for long position trader 155.45.

Trade on 25th January'08

RPL: Go short if it stays below 166.00 with stoploss 171.15 and profit target 160.1, 155.25, 152.25 & 147.80. Go long if it trades above 166.25 with stoploss 158.95 and profit target 170.25, 177 & 182. Final stoploss for position trading 155.45.

INFOSYSTCH: Go long if it trades above 1425 with stoploss 1409.90 and profit target 1453, 1462, 1481 & 1502. Go short if it trades below 1410 with stoploss 1426.25 and profit target 1397, 1372 & 1354. Final stoploss for position trading 1394.45.

Trade on 24th January'08

RPL : Go long with stoploss 162.65 and profit target 177, 189 & 198. Go short with stoploss 180 and profit target 164, 154 & 147. For position trading, final stoploss 151.85

INFOSYSTCH: Go long with stoploss 1397 and profit target 1455, 1485, 1497 & 1523. Go short with stoploss 1460.25 and profit target 1398, 1375 & 1350. For position trading, final stoploss 1371.25

Trade on 21st January'08

SBIN-1M-Fut: If bankex shows weakness and SBIN trading below 2405, Go short with stoploss 2433.25 and profit target 2364, 2353, 2325& 2304. If it shows strength, Go long with stoploss 2348.75 and profit target 2402, 2417, 2430& 2451.

INFOSYSTCH-1M-Fut: If IT-sector continues weakness and INFOSYSTCH trading below 1501, Go short with stoploss 1530.25 and profit target 1475, 1457, 1429& 1404. If it shows strength, Go long with stoploss 1453.75 and profit target 1507, 1528, 1552& 1571.

Trade on 11th January'08

SBI-1M-FUT: Go long with stoploss 2365.75 and profit target 2455, 2478, 2490 & 2504. Go short if it trades below 2400 with stoploss 2430.15 and profit target 2380, 2360, 2305 & 2252

INFOSYSTCH-1M-FUT: Go long with stoploss 1598.75 and profit target 1631, 1655, 1681, 1698 & 1708. Go short if it trades below 1600 with stoploss 1630.15 and profit target 1555, 1530, 1505 & 1491.

Action for 7th January'08

SBIN : If it trades below 2341, go short with stoploss 2405 and profit target 2241.

SBIN-1M-FUT: Go short if it breaks 2361 with stoploss 2413 and profit target 2265.

Track SBI & INFY future

SBIN-1M-FUT : Go long if it crosses 2420 with stoploss 2383.25 and profit target 2435, 2457 & 2485. Take reverse position and go short if it breaks again 2397 with stoploss 2420.35 and profit target 2367, 2351, 2335.

INFOSYSTCH-1M-FUT : Go long if it crosses previous day high i.e. 1780 with stoploss 1749.85 and profit target 1802, 1812, 1835 & 1847.