Trading Position Tracker (Updated on 14th June)
Sr. No.	Stock	Trading Type	Entry Price	Stop Loss	Target 1	Target 2	Remark	Reward to Risk ratio	CMP on 14th June	Profit/ Loss
1	ONGC	Long	266.5	259.5	281	306	Executed	2 times	Rs. 269.70
2	SAIL	Long	140	138	150	156	Pending	5 times
3	Bharat Forge	Long	305	299	320	335	Executed	3 times	Rs.312.8
4	Century Textiles	Long	345.9	334	378		Executed	4 times	Rs. 348.95
5	CESC	Long	294	288	312		Executed	3 times		Stopped out
6	IVRCL Infra	Long	77	73	90		Executed	3 times	76.75

Indian Market outlook and Trading Ideas ( Updates)

Trading Position Tracker (Updated)
Sr. No.	Stock	Trading Type	Entry Price	Stop Loss	Target 1	Target 2	Remark	Reward to Risk ratio	CMP on 13th June	Profit/ Loss
1	ONGC	Long	266.5	259.5	281	306	Executed	2 times	Rs. 268.95
2	SAIL	Long	140	138	150	156	Pending	5 times
3	Bharat Forge	Long	305	299	320	335	Executed	3 times	Rs.310.05
4	Century Textiles	Long	345.9	334	378		Executed	4 times	Rs. 349.30
5	CESC	Long	294	288	312		Executed	3 times	Rs. 290.05
6	IVRCL Infra	Long	77	73	90		Pending	3 times

Indian market outlook and trading ideas

Swing  Trading Ideas

Market Outlook:

The immediate short term downward drift is continued in the last week. This is a purely trading market in the range of 5350 on the lower side and 5600 on the higher side. Now it seems market is heading towards the lower band. As I have said in my previous postings, for any serious move, market need to break out of this range.

However, as the market is approaching the lower band there are several large cap and mid cap stocks looks very attractive and poised to take a immediate up move over next few days.

For Swing Trading(Holding time few days to a week or so)

1.       ONGC : Buy at CMP @266.5,  Stop Loss @259.5,  Target 1: 281  and Target 2: 306

2.       SAIL : Buy @140 (when price comes to 140), Stop Loss: 138 and Target 1: 150 and Target 2 : 156

3.       Bharat Forge: Buy @ 305, Stop Loss@ 299 and Target 1: 320 and Target 2: 335

4.       Century Textiles: Buy above 345.9, Stop Loss@334, Target: 378

5.       CESC : Buy above 294, Stop Loss@ 288 and Target 312

6.       IVRCL Infra: Buy above 77, Stop Loss@73 and Target: 90

Trading Position Tracker
Sr. No.	Stock	Trading Type	Entry Price	Stop Loss	Target 1	Target 2	Remark	Reward to Risk ratio	Profit/ Loss
1	ONGC	Long	266.5	259.5	281	306	Executed	2 times
2	SAIL	Long	140	138	150	156	Pending	5 times
3	Bharat Forge	Long	305	299	320	335	Pending	3 times
4	Century Textiles	Long	345.9	334	378		Executed	4 times
5	CESC	Long	294	288	312		Pending	3 times
6	IVRCL Infra	Long	77	73	90		Pending	3 times

Trading Quote: ‘Optimism is good but could be a dangerous attitude in Trading’

Profitable Trading,

Neeraj Gogoi

Nifty Trading Strategy

Overall Market :
After closing the Gap Nifty created on Thursday, market on Friday closed lower creating a bearish engulfing. The immediate term expected direction of Market is down. The market is trading in a triangle since Dec’10 and any major movement requires breaking the triangle.

The immediate resistance is at 5605 and breaking that it would likely to move to 5750. Any serious up move requires the Market to go above 5912 decisively.

The immediate support for nifty is at 5330. Any serious downside requires Nifty going below 5177.

Between them is the trading range which is getting smaller and smaller along the triangle.

Intraday Trading:
For Intraday trading one can look forward for buying opportunities around 5500  and 5458-5467 range with a stop loss below 5445.

Happy trading,
Neeraj Gogoi

Nifty Trading Strategy

Overall Market

NIFTY:

After slightly more than one month of continuous falling from a high of 5930, for the first time market showed a strong closing from a demand zone of 5328-5348, which coincided with the expiry of May contracts in F&O.

The medium term is down and the immediate term down trend is halted by the strong demand zone. Significantly all the major index heavy stocks have bounced from their demand zones at the same time.

Today’s closing of 5412 indicates a very strong reversal which closed above yesterday’s and prior days close.

The next demand zone will be between 5177-5231

The immediate target for Nifty is 5490 and then  5567.

For tomorrow’s trading: Trade long above 5420 up to 5500. Next trading range will be 5590.

Happy Trading
Neeraj Gogoi