Weekly trading diary: November Week 3, Profit/Loss for 13 Nov - 17 Nov 2017

Yesterday I commented on some other thread that my view is bearish but markets can surprise anyone. I prefer not to trade such position.

@gopchem 44 rs loss is not good. Total = 3300 rs loss.
This is for 1 lot. If u are still holding & expecting an up move, its better to sq off & buy fresh position.

It will have more chances to get you some gain if markets move up.

My overall view remains bearish or sideways.

Sunph. could possibly break 460/430 in coming weeks, what are your views about it?

Who told you this?

I donā€™t predict movements like finding levels on charts. But I do give my views.

I am not sure about sunpharma but it seems to be in bearish trend. I donā€™t see it declining to 450 levels unless thereā€™s some associated news.

But yes everything is possible in markets.

No one told me this, I read charts and anticipate

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Facing loss but hold it till NIFTY break 10100

I dont know what you read on charts & how could charts tell you that sunpharma can decline to 430.

Overall market is in bearish trend as I have said earlier. So everything is possible in markets.

Brother exit your position in loss and create a fresh short position.

captured 11.5 point. Exited it thanks.
@Spaceship

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But brother u should have holded the short position for more time. Markets are in red. Told u.

You are ready to hold a loss making position for longer time but you closed down a profit giving position too early.

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Made some profits on the bank nifty 25200 PE. Traded with the support and resistance levels and it paid off.

Yes if hold get more points. Trying in NIFTY. But failed. GBPINR is right choice. Sell at 86.28 hold and hold and exited at 85.9.

Be cautious guys as per Bollinger band it can reverse tomorrow like previous fallsā€¦previous resistance of last two falls could act as supportā€¦ Last minutes buying also gave hintā€¦

Bought Nifty Dec Fut@10230. But As per Global Data, it seems nifty again red tomorrow. Getting a bit fear about my entry. Can I hedge with Nifty Nov short Fut??

If it hold tomorrow at support then full strength upward trend can be seen from monday/tuesdayā€¦ It can come 50 points down max but not more than thatā€¦ then upward movement start and nifty will make new high before Gujarat election resultsā€¦

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Nice to hear that Ravi.
Does it mean, itā€™s not needed to short Nifty ?? Saw somewhere if itā€™s not stand at 10080 then itā€™s fall upto 9985. Any idea ??

I see strong support at 10080 Levels. If it break these levels I see hope at 10050 Levels.

Ok. Is required to hedge my position ?? Can I do it with short of Nifty Nov for 1 / 2 days??

Only if it breaks but i strongly feel that it would start upward trend by monday and will make new high .let seeā€¦

Ok. Coolā€¦ will see how it shape up my luck ā€¦ :slight_smile: