This was written on 15th but published on 16th

Well the inevitable happened. After all the dreading over the last two days, the market put me out of my misery. My short positions finally got stopped out at 5943 for a small profit of around 12 bucks. I am now long and sweating again. I guess it is the lot of the trader to sweat. I need to remember to buy more deos.

The Euro moved above 1.3440 and triggered my BUY. It at least had the decency to move up another 50 pips and then promptly headed lower. As I write this note it is trading at 1.3340 a good 100 pips lower from my BUY levels. The only good thing is that my change in trend to SELL comes at 1.3165 another good 180 pips away.

My Nifty long positions do not have a clear stop as of now. I will wait for a negative close before worrying about stops for the long positions. In fact if there is a situation where the Nifty opens lower and trades around 5940 then I will BUY again intraday if the Nifty crosses 5960 with a stop at 5930.

I have been giving some trading calls. A couple of them are still on. Existing Trades: 1] BOI long frmo 446. 2] CBK long from 678. Bharti short positions got stopped out. Actually I am very surprised that BOI and CBK haven't! Since we have two long trades, I am giving a few potential short trades. 1] Sell Punj if it trades below 106.40. 2] Sell RELI if it trades below 806. 3] SELL IOB if it trades below 144.75. All these are prices in the derivative segment.