Educomp

Tempted to increase exposure but may be will hold on till Monday

Educomp

Shorted educomp at 269.15. Target 250

HDFC, HDFCBANK, LUPIN

HDFC, HDFCBANK

Looks like technically a short postion call is just days away. The stocks have topped out

LUPIN

Technicals suggest a long term short call. Fundamentals are not suggesting that interesting to see who is right

Ranbaxy

Ranbaxy satisfies technical parameters and shorted at 520.5

Reviving the Blog

I am writing the blog after a long time. I have restarted trading in the futures market and plan to put my trades after execution on the blog. This way I will have history of my trades and can look back about my thinking.

These are technical trades and following parameters are used for initiating trade. First three parameters have to be complied before the trade is initiated.

The technical indicators are

1. 200 DMA (flat or falling for short, rising for long)
2. 14 Day RSI (around 70 for short around 30 for long)
3. 5 day fast stochastic (around 80 for short, around 20 for long)
4. Divergence in Accumulation/Distribution with price action

Lets see how it works out. Please note this a beginner's system and chances of success are slim.

Given the mood of the market I will mostly post short calls. Hence there are guranteed few big negative days at least.

And

LAST BUT MOST IMPORTANT DO NOT TRADE ON THESE CALLS

These are for my records and not recommendations

Thanks a lot