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Lol- thread name is funny (may be outrageous) but trades will be serious. My trading myopia force me to take intraday trade instead of swing trades frequently. Or in other words i see markets as money making machine on day-to-day basis irrespective of its levels.

It’s just another initiative by me to write something on day-trades. I request all who have access to better technical strategy on trading to come and share their views (counters) for one day trade.

Whenever i state about taking trade on any counter i will assume onlooker(s) (if any) are equipped with real-time data and good trading software with strategy to discern trend of the counter for taking trade.

I will try my best to choose counter(s) which may provide unidirectional trend with optimal stretch during market hrs. Initially, i will state about initial tilt of the counter which they are expected to take after mkt. opening. However, it is quite possible that they take opposite (but unidirectional) trend.

And that’s why i stress to have a trading software with real-time data.

I request PP,ALLO,MAXX and all to contribute to this thread for day trading.

I guess – after having stretched market hrs. i will be able to share my half of the mkt. time with this forum and rest with my blog.

LEARN TO RUN THE MACHINE ELSE IT WILL RUIN.

Happy Trading.

IMPORTANT: I’m a mad fellow with weird ideas. Don’t get snared by me in this thread. And i don’t know what is “Fed”.

Great Post YK!

AM really happy, may be we can even start discussing Scrips on an intraday basis too

One of my favourite picks for Monday (& the week) to long should be MPHASIS, it still has legs to go higher & higher methinks ... It is showing strong technical charts at any rate

What is your pick on RANBAXY  now btw?

As for madness, we are all mad if we are in the day trading business

Dear Praveen

I second the idea on MPHASIS with HCLTECH. Have not checked RANBAXY.

Hi Guys,

Its 4 AM and I am getting ready to catch the 5.30 train to Delhi. Will be back on the weekend. Hope to be in this forum in the meantime.

Allo

Yk at 12:43PM on Nov 08, 2009

Dear Praveen

I second the idea on MPHASIS with HCLTECH. Have not checked RANBAXY.

Sorry Praveen

HCLTECH is standing with +ve divergence in VMACD for upswing BUT for today it is showing weakness for today and will(me) look for short side initially.

AMBUJACEM -long

GAIL, HCLTECH , PFC ,TATASTEEL,UNITECH are looking for short candidate on chart.

However be cautious before taking position.

Happy Trading.

AMBUJACEM for long? Are you sure? Am a little worried about that stock, technically most basic indicators are proving to be bearish on it, apart from a bullish divergence in RSI

UNITECH can go eitherway, so again am a little cautious on that.

ALLO bhai you travel every week to DELHI for work? That must be quite hectic

NIFTY intra day longs = 80 pts (4000 Rs for 1 lot) gain in intraday trade using that YK trading system  ... I used tick data btw ... booked profits just now

MPHASIS only 10 points gain for today ... looks like it is stuck around that 730-735 zone... I hope YK heeded my caution on AMBUJACEM

You rightly said on AMBUJACEM Praveen. It took reverse direction. AND that's why i STRESSED on REALTIME data access with charting software.

HCLTECH,PFC,UNITECH  cought in short covering provided double trade - 'See Saw'

With TATASTEEL i was expecting more.

A good day with addition to NiftyFuts pure 100Pts Gain.

Hi guys,

Finally got near a computer and watching market. I am in New Delhi and spending time wth friends. Its a reunion with friends from college and university and I dont travel to Delhi so often. In fact I returned here after four years and Delhi has changed like anything. Driving a car is a perpetual test but driving in my native Lucknow is the real challenge.

I really enjoyed that YAMAHA  bike on Delhi streets/roads when i was doing my bachelors from DU. That borrowed YAMAHA(from friends) used to double the ecstasy. Those titilating moments are still very much alive and feels as it was yesterday to me. Those years were 93 - 96/97. Since then only in 2000 i could visit again to collect my certificates.

After that I could not manage any time to re-unite with those friends. Those all friends are still there sans me. 

U know - the tantacles of job/trading/family & etc keeps schedule full busy.

I still cherish those desires of/on Delhi streets.

I had a great reunion with friends and am sleeping late every evening with the best of whiskey flowing. Luckily these days you get good liquor even in small towns. BTW  I am much senior to all three of you and a full 33% older than YK.

I dont venture out of Dwarka. The Metro ride was great and is now extended to NOIDA as well. Returning today.

No notes on the market for the next week. FRiday the 13th passed uneventfully.

Yk at 12:43PM on Nov 08, 2009

Dear Praveen

I second the idea on MPHASIS with HCLTECH. Have not checked RANBAXY.

Cheers!

We end this week with 6.9% and 10.3% Gain on MPHASIS and HCLTECH respectively.

RANBAXY has created -ve divergence on VMACD. 2-3 trading session needs to be watched before taking any position.

time for the old question again.

"itns sannata kyo hai bhai ??"

talking about biking, it sure is fun - but mostly when ur without liabilities nd carefree kind.

though ive never been involved in any accident with anyother, but ive got myself in 5 times. nd though i dont think word rash can be used with me at all, but still im not that easy going kind of person!!!

u know some people are just like that, they change, but too little .

Yes u r very right MAXX

It is all about liabilities and carefreeness. I have not experienced any accident by the grace of God in my life. Bike still thrills me. It's another thing that i do it with a bit of  caution.

Yeh sannata kyon hai bhai?

Where r others? - After gaining some points from mkt - these days i'm just sitting on terminal for an hr. or two to take out some 'Chai Paani ka Kharcha'.

Will be back with full swing from next week and will give a meaning to this thread.

How r u doing MAXX in this mkts?

Hi Guys,

I have been trying hard to open my trading account with canara bank and so far three branches out o six listed in Lucknow "offering" on line trading have expressed complete ignorance!!! I dont have the coyrage of visiting the remaining ones. I have finally closed my account with ICICI Direct with some penalty as well. Still I am happy. I shall try SBI Cap now else I will go straight and open my account with GeojitBNP. Somehow I am not very comfortable with the private brokers.

Speaking of bikes I just hate them. I believe that bikeowners at least in Lucknow try to reach fastest. Its scary.

to Yogesh,

buddy im trading for quite some time, nd ive mentioned this fact before also. even the runner symbolise that as i mentioned in my reply in nov series thread. ive been brunt badly nd now till i believe i got everything in place, i wont jump in. guess thats gonna take some time.

actually my posts also are lesser in no's nd more about macro nd other things only cause of this fact.

just hoping i may be able to emulate u some day !!!!!

Allo at 12:03AM on Nov 19, 2009

Hi Guys,

I have been trying hard to open my trading account with canara bank and so far three branches out o six listed in Lucknow "offering" on line trading have expressed complete ignorance!!! I dont have the coyrage of visiting the remaining ones. I have finally closed my account with ICICI Direct with some penalty as well. Still I am happy. I shall try SBI Cap now else I will go straight and open my account with GeojitBNP. Somehow I am not very comfortable with the private brokers.

Speaking of bikes I just hate them. I believe that bikeowners at least in Lucknow try to reach fastest. Its scary.

lol allo

yes ur right, all bikers try to reach fastest, but then it true for all other modes too. but as they say, size has got its own disadvantages nd advantages too. since a bike takes much less space nd a accident is much less likely to be fatal, guys just push it. in cars, u got a lot to worry about. nd as the vehicle size increases, things to worry about just keep increasing. so for me i always prefer a bike than to be caught at the end of jam, waiting for things to move, as i had to today.

about govt banks, they just keep amazing u !!!! though normally for the worse. sorry that its u whos caught up this time.

maxx at 12:08PM on Nov 19, 2009

to Yogesh,

buddy im trading for quite some time, nd ive mentioned this fact before also. even the runner symbolise that as i mentioned in my reply in nov series thread. ive been brunt badly nd now till i believe i got everything in place, i wont jump in. guess thats gonna take some time.

actually my posts also are lesser in no's nd more about macro nd other things only cause of this fact.

just hoping i may be able to emulate u some day !!!!!

corrigendum,

i actally meant  "not trading".