Trades taken today :

4800 put short at 34.. exited 27.05
4900 put long at 52... reversed at 51... exited half at 45.05..carried rest
Nf long at 5045 stopped out at 5042...


Carry over trade from before :
4900 straddle short + 5000 call long.... Jobbed for 4 points on 5000 call...



Thought Log

Sep 19 2011, 9:15 AM
linkon7: 5049 will be trend decider
Sep 19 2011, 9:16 AM
linkon7: 5032 is strong support now
Sep 19 2011, 9:19 AM
linkon7: this 40 points fall has put doubt on many weak bulls mind
Sep 19 2011, 9:19 AM
linkon7: fresh hope to bears
Sep 19 2011, 9:19 AM
linkon7: waiting for reaction neat 5032 mark
Sep 19 2011, 9:23 AM
linkon7: no one is showing any desperation to act.... appears like a balanced market so far
Sep 19 2011, 9:24 AM
linkon7: 5037 broke... reaction low 5034.85... means few break out traders and few sl got taken
Sep 19 2011, 9:25 AM
linkon7: vix shot up
Sep 19 2011, 9:28 AM
linkon7: shorted 4800 put at 34
Sep 19 2011, 9:29 AM
linkon7: defensive long
Sep 19 2011, 9:31 AM
linkon7: stoploss 4980 break on 15 min
Sep 19 2011, 9:33 AM
linkon7: got a buy on FR on 2 min
Sep 19 2011, 9:34 AM
linkon7: 5032 defended very well by the bulls ... well played
Sep 19 2011, 9:36 AM
linkon7: 538 seconds to go for bar close on 15 min
Sep 19 2011, 9:37 AM
linkon7: 22 point range so far
Sep 19 2011, 9:37 AM
linkon7: 2x RE gives me another 44
Sep 19 2011, 9:38 AM
linkon7: expecting intraday range between 5032-5093
Sep 19 2011, 9:41 AM
linkon7: few stops got hit for the shorters in todays market
Sep 19 2011, 9:42 AM
linkon7: 22 point range not challenged on either side
Sep 19 2011, 9:44 AM
linkon7: One group of players must be in doubt now... expected big move either direction
Sep 19 2011, 9:45 AM
linkon7: we now have our support established at low of the day
Sep 19 2011, 9:45 AM
linkon7: re test of 5038 and failure to break 5032..will confirm this
Sep 19 2011, 9:46 AM
linkon7: or if we break 5055
Sep 19 2011, 9:47 AM
linkon7: drop in vix..shows that fear of downside is minimised now...
Sep 19 2011, 9:49 AM
linkon7: now the break out traders are in the long side...
Sep 19 2011, 9:49 AM
linkon7: likely stops will be 5038 to 5032 mark
Sep 19 2011, 9:49 AM
linkon7: will market oblige
Sep 19 2011, 9:49 AM
linkon7: most likely yes
Sep 19 2011, 9:53 AM
linkon7: neither side is showing any aggression yet
Sep 19 2011, 9:54 AM
linkon7: now the BO traders on the long side are in doubt
Sep 19 2011, 9:58 AM
linkon7: expecting action above the 5061 mark now
linkon7: a rush to cover from bears... a rush to enter from bulls...
Sep 19 2011, 9:59 AM
linkon7: FR is getting narrow now...
Sep 19 2011, 10:00 AM
linkon7: on 2 min
Sep 19 2011, 10:00 AM
linkon7: ribbon says very strong down trend...
Sep 19 2011, 10:00 AM
linkon7: thats the thing wt 2 min tf
Sep 19 2011, 10:00 AM
linkon7: gaps
Sep 19 2011, 10:01 AM
linkon7: as of now..IB got violated on both sides
Sep 19 2011, 10:01 AM
linkon7: 4800 put now at 31...
Sep 19 2011, 10:02 AM
linkon7: LOD is 29.55 safe tgt will be 27.05
Sep 19 2011, 10:04 AM
linkon7: my 4900 straddle short - 5000 call long combo is showing BE now
Sep 19 2011, 10:06 AM
linkon7: placed sl for 5000 call at 110.05 and ride the 4900 straddle short... if 5032 is broken...
Sep 19 2011, 10:07 AM
linkon7: 5038 will see some sl hit
Sep 19 2011, 10:08 AM
linkon7: another 390 seconds... for 15 min stoch to give a buy
Sep 19 2011, 10:10 AM
linkon7: 251 seconds to go
Sep 19 2011, 10:12 AM
linkon7: 2 min suggesting a balanced market wt range between 5037 and 5059
Sep 19 2011, 10:13 AM
linkon7: zero conviction on either side....
Sep 19 2011, 10:14 AM
linkon7: God loves nifty... traders pray a lot
Sep 19 2011, 10:18 AM
linkon7: price is drifting east...
Sep 19 2011, 10:18 AM
linkon7: expecting up thrust above 5055 now
Sep 19 2011, 10:22 AM
linkon7: 5093 on the cards now
Sep 19 2011, 10:23 AM
linkon7: another 3 point on 4800 for it to meet its tgt
Sep 19 2011, 10:27 AM
linkon7: 15 min is a buy now
Sep 19 2011, 10:31 AM
linkon7: placed exit at 27.05 for 4800 put
Sep 19 2011, 10:32 AM
linkon7: balance will hold for 5093 as tgt
Sep 19 2011, 10:34 AM
linkon7: 15 min KS is now at 5094
Sep 19 2011, 10:35 AM
linkon7: CS resistance also near 5093
Sep 19 2011, 10:39 AM
linkon7: 30 point range whole day
Sep 19 2011, 10:39 AM
linkon7: next trigger will be europe open
Sep 19 2011, 10:39 AM
linkon7: got a sell on 2 min... most likely..signal will fail...
Sep 19 2011, 10:41 AM
linkon7: another 1.60 points for my first tgt on 4800 put short...
Sep 19 2011, 10:42 AM
linkon7: what a market... those who bot the break of 5059... are now caught
Sep 19 2011, 10:46 AM
linkon7: vix not falling much any more
Sep 19 2011, 10:54 AM
linkon7: 5050 round figure got taken
Sep 19 2011, 10:54 AM
linkon7: some sl went as bhog for maa ki charan
Sep 19 2011, 10:55 AM
linkon7: today is one of those days where its better to watch from sidelines
Sep 19 2011, 10:57 AM
linkon7: just checked sbi... 1920... down by 1.33%
Sep 19 2011, 11:02 AM
linkon7: bot SBI 25% intended capacity at 1916.... for tgt of 2100
Sep 19 2011, 11:03 AM
linkon7: sl at 1904...
Sep 19 2011, 11:05 AM
linkon7: vix at 29.93
Sep 19 2011, 11:13 AM
linkon7: so far nothing kind of day
Sep 19 2011, 11:17 AM
linkon7: only direction we moved is east
Sep 19 2011, 11:17 AM
linkon7: poor stoch is all confused now
Sep 19 2011, 11:18 AM
linkon7: 8th bar below the 20 mark
Sep 19 2011, 11:18 AM
linkon7: on 15 min tf
Sep 19 2011, 11:21 AM
linkon7: just 0.80 P more for tgt 1
Sep 19 2011, 11:21 AM
linkon7: on 4800 put short
Sep 19 2011, 11:22 AM
linkon7: 5042 is exit for my 5000 call on my combo
Sep 19 2011, 11:24 AM
linkon7: put writers are not very agressive today
Sep 19 2011, 11:24 AM
linkon7: 4800 put is in fact loosing OI
Sep 19 2011, 11:25 AM
linkon7: gives me a tingling worry sensation
Sep 19 2011, 11:26 AM
linkon7: it came close to 27.80 but not agression from sellers
Sep 19 2011, 11:27 AM
linkon7: we need to break HOD once or else price will be below the cloud now
Sep 19 2011, 11:28 AM
linkon7: lack of agression on the part of bulls... is a wign of weakness... and once europe opens..bears might punce
Sep 19 2011, 11:30 AM
linkon7: 5043 now projected range bottom on 2 min
Sep 19 2011, 11:31 AM
linkon7: bears showing agression now
Sep 19 2011, 11:31 AM
linkon7: bulls on defense
Sep 19 2011, 11:33 AM
linkon7: 5043.50 is the low so far on this down swing
Sep 19 2011, 11:33 AM
linkon7: intraday range hasnt increased on either side
Sep 19 2011, 11:34 AM
linkon7: again a dash to 5055
Sep 19 2011, 11:36 AM
linkon7: longed nf 5045
Sep 19 2011, 11:36 AM
linkon7: sl 5042
Sep 19 2011, 11:39 AM
linkon7: tgt 5057
Sep 19 2011, 11:42 AM
linkon7: its rotating with no conviction on either side
Sep 19 2011, 11:42 AM
linkon7: bulls want to buy the dips
Sep 19 2011, 11:42 AM
linkon7: bears want to short the top
Sep 19 2011, 11:45 AM
linkon7: 10 bars on 15 min tf and we did nothing...other than vix shooting up
Sep 19 2011, 11:45 AM
linkon7: we now have the cloud above us
Sep 19 2011, 11:48 AM
linkon7: dangerously close to y sl
Sep 19 2011, 11:50 AM
linkon7: gone
Sep 19 2011, 11:53 AM
linkon7: 5032 is critical... or now we shift to 4980 to 5030 range
Sep 19 2011, 12:00 PM
linkon7: cs broken
Sep 19 2011, 12:00 PM
linkon7: now will it be a fake out or range extension
Sep 19 2011, 12:01 PM
linkon7: either ways..there is a good trade in it
Sep 19 2011, 12:05 PM
linkon7: 5052 will be sl for many shorts now
Sep 19 2011, 12:08 PM
linkon7: RSI on 15 min is setting up for a classic trade now
Sep 19 2011, 12:17 PM
linkon7: bot 4900 put at 52...
Sep 19 2011, 12:17 PM
linkon7: 4800-4900 is now a pair
Sep 19 2011, 12:18 PM
linkon7: cost is 18 points
Sep 19 2011, 12:18 PM
Sikandar Mohideen: Linkon you rocking
Sep 19 2011, 12:18 PM
linkon7:
Sep 19 2011, 12:18 PM
linkon7: my trade log
Sep 19 2011, 12:19 PM
linkon7: jot down my views
Sep 19 2011, 12:19 PM
linkon7: nice to c u here
Sep 19 2011, 12:19 PM
Sikandar Mohideen: me too
Sep 19 2011, 12:20 PM
linkon7: now support can act as resistance
Sep 19 2011, 12:21 PM
linkon7: failure to break and stay above 5032 in the next 500 seconds will confirm this
Sep 19 2011, 12:23 PM
linkon7: SBI SL is still intact
Sep 19 2011, 12:25 PM
linkon7: 285 seconds to go
Sep 19 2011, 12:26 PM
linkon7: how r u doing other wise...
Sep 19 2011, 12:27 PM
linkon7: 165 seconds to go
Sep 19 2011, 12:28 PM
linkon7: 92 sec
Sep 19 2011, 12:30 PM
linkon7: bar is complete...
Sep 19 2011, 12:30 PM
linkon7: and we remain at 5031
Sep 19 2011, 12:30 PM
linkon7: either its a fake our...or a confirmed support turned resistance
Sep 19 2011, 12:31 PM
linkon7: placed sl at 34 for the 4800 put short... will ride 4900 put now... if it is taken out...
Sep 19 2011, 12:39 PM
linkon7: waiting for 2 min short signal now
Sep 19 2011, 12:39 PM
linkon7: wil come below 5038
Sep 19 2011, 12:41 PM
linkon7: 13 bars below 20 mark on stoch
Sep 19 2011, 12:41 PM
linkon7: on 15 in
Sep 19 2011, 12:46 PM
linkon7: strange kind of move
linkon7: both sides showing agression... but no cear winners...
Sep 19 2011, 12:48 PM
linkon7: still waiting for signal on 2 min
Sep 19 2011, 12:55 PM
linkon7: finally got signal
Sep 19 2011, 12:55 PM
linkon7: it was a fake out
Sep 19 2011, 12:56 PM
linkon7: didnt expect a V shaped recovery..but it did happen
Sep 19 2011, 1:01 PM
linkon7: Came close to IB high and stopped
Sep 19 2011, 1:03 PM
linkon7: main thing is rsi broke its pevious high
Sep 19 2011, 1:03 PM
linkon7: fact that its flattening out is not heart warming
Sep 19 2011, 1:05 PM
linkon7: NF on premium now
Sep 19 2011, 1:05 PM
linkon7: sign of short covering
Sep 19 2011, 1:06 PM
linkon7: expecting a run above the 5052 mark
Sep 19 2011, 1:12 PM
linkon7: 40 point range
Sep 19 2011, 1:12 PM
linkon7: and its killing everyone
Sep 19 2011, 1:14 PM
linkon7: appears to be another desperate attempt to break the 5032 mark
Sep 19 2011, 1:15 PM
linkon7: vix shoots up on its way down
Sep 19 2011, 1:16 PM
linkon7: nightmare for options writer
Sep 19 2011, 1:17 PM
linkon7: again at 5032 mark
Sep 19 2011, 1:28 PM
linkon7: AGAIN BREAK OF 5032
Sep 19 2011, 1:29 PM
linkon7: shifted all positions to short of 4900 put
Sep 19 2011, 1:30 PM
linkon7: intention of the bulls is clear
Sep 19 2011, 1:31 PM
linkon7: to buy below the 5030 mark
Sep 19 2011, 1:31 PM
linkon7: bear want to short above the 5050 mark
Sep 19 2011, 1:33 PM
linkon7: either side will give way
Sep 19 2011, 1:37 PM
linkon7: not one of the best days of trades for me
Sep 19 2011, 1:38 PM
linkon7: it sure was interesting
Sep 19 2011, 1:43 PM
linkon7: this phase has in the past produced a 40-60 points move
Sep 19 2011, 1:44 PM
linkon7: 4980 or 5093
Sep 19 2011, 1:44 PM
linkon7: which way r we headed
Sep 19 2011, 1:45 PM
linkon7: over 1.14 cr volume done
Sep 19 2011, 1:46 PM
linkon7: so despite its flatness... its an important day
Sep 19 2011, 1:51 PM
linkon7: vix above 30
Sep 19 2011, 1:52 PM
linkon7: good amount of indecission...
Sep 19 2011, 1:53 PM
linkon7: we now have a positive divergence on rsi
Sep 19 2011, 1:53 PM
linkon7: only thing standing between my profit is VIX
Sep 19 2011, 1:54 PM
linkon7: it needs to come down for 4900 put short to benefit
Sep 19 2011, 1:57 PM
linkon7: damn
Sep 19 2011, 1:57 PM
linkon7: bears are really7 agressive today
Sep 19 2011, 2:06 PM
linkon7: vix keeps shooting up
Sep 19 2011, 2:07 PM
linkon7: making me pay for my 4900 put short
Sep 19 2011, 2:20 PM
linkon7: this is getting unconfortable
Sep 19 2011, 2:20 PM
linkon7: price below cloud
Sep 19 2011, 2:20 PM
linkon7: price in a tight range
Sep 19 2011, 2:20 PM
linkon7: bars showing agression
Sep 19 2011, 2:22 PM
linkon7: intention of either side is not very clear... bears are not taking initiative below day's low
Sep 19 2011, 2:25 PM
Santosh D.Kaluskar: Hi.. LinkonJi,, I think 5017 is the point where Initiative sellers may Jump in Hard..
Sep 19 2011, 2:26 PM
linkon7: they had multiple chances
Sep 19 2011, 2:27 PM
linkon7: but everytime it seems they are buysing booking profit...
Sep 19 2011, 2:27 PM
linkon7: and waiting for higher lvl to initiate again
Sep 19 2011, 2:28 PM
linkon7: i think 4980 is where buls give up
Sep 19 2011, 2:29 PM
linkon7: fresh shorting can be seen below it
Sep 19 2011, 2:29 PM
linkon7: europe opened with deep cuts... and that was the first clue of their intention
Sep 19 2011, 2:45 PM
linkon7: we now have a double bottom at 22... and rsi divergence
Sep 19 2011, 2:45 PM
linkon7: woo
Sep 19 2011, 2:47 PM
linkon7: this kind of market is a day trader killer
Sep 19 2011, 2:49 PM
linkon7: the way it ran to 5045... it must have triggered a lot of sl
Sep 19 2011, 2:49 PM
linkon7: again no follow up
Sep 19 2011, 2:55 PM
linkon7: divergence on stoch on 15 min
Sep 19 2011, 2:56 PM
linkon7: unless we gap down for some reason tomorrow... my bias remains north...
Sep 19 2011, 3:07 PM
linkon7: we new have a new ref lvl 5022
Sep 19 2011, 3:07 PM
linkon7: and a support turned resistance at 5044
Sep 19 2011, 3:09 PM
linkon7: will carry the 4900 put short for tomorrow
Sep 19 2011, 3:12 PM
linkon7: damn... 22 poit range
Sep 19 2011, 3:12 PM
linkon7: and we shuttle between this 2 like ping pong ball
Sep 19 2011, 3:14 PM
linkon7: i am hoping for a close above or below the 5044 or 5022 mark
Sep 19 2011, 3:16 PM
linkon7: SBI didnt trigger sl... so thats a goood sign
Sep 19 2011, 3:17 PM
linkon7: 1905 or first 15 min low tomorrow..whicher is lower is the sl for tomorrow
Sep 19 2011, 3:22 PM
linkon7: exit paced for half qty at 45.05
Sep 19 2011, 3:22 PM
linkon7: exit mila to thik hai
Sep 19 2011, 3:22 PM
linkon7: balance will carry unhedged
[Delete]
Sep 19 2011, 3:23 PM
linkon7: gone
Sep 19 2011, 3:23 PM
linkon7: thats it for the day...