February 19, 2016

Weekend update

Weekly charts
- trend is down on daily charts
- NF trading within range of last week's big down bar



Daily charts
- trend is down on daily charts
- sustaining above 7250 will be bullish
- next series option writing points to support at 7000 and res at 7600


Hourly charts
- no clear direction
- expect resistance around 7250F


5 min charts
- rangebound trading whole day
- nothing to do
- in hindsight, only good signal was at the indicated bar.



My trades
- took one trade in Reliance/ marginal loss


And this is the list of F&O stocks I am tracking everyday. BNF is for study purposes only.

The list is a bit long - in reality 4-5 stocks is more than enough for anyone to trade.


There was a missed long trade in SBIN


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