Category: Market Commentary

INDUSINDBK & BALRAMCHIN FUTURES EXECUTED

Rocket Trades

BUY Trade Set-Up because according to us NIFTY is bullish and in buying mode.

INDUSINDBK BUY AT CMP 1680 JANUNARY FUTURES

~ Stop-Loss 1660 CASH Closing Basis

~ TGT 1820+

~ Lot Size: 300

~ ZERODHA Span Margin: INR 63000 (reference purpose only, it is not a promotion)

Hold til either Nifty comes in SHORT SELL mode or INDUSINDBK closes below 1660 CASH

 

BALRAMCHIN BUY AT CMP 136 JANUARY FUTURES

~ Stop-Loss 130 CASH Closing Basis

~ TGT 155+

~ Lot Size: 3500

~ ZERODHA Span Margin: INR 59000 (reference purpose only, it is not a promotion)

Hold til either Nifty comes in SHORT SELL mode or BALRAMCHIN closes below 130 CASH

 

EITHER WAYS (STOP-LOSS &/or TARGET) EXIT IS SUBJECT TO MY CONFIRMATION.

SYNDIBANK & DISHTV FUTURES EXECUTED

Rocket Trades2 Comments

BUY Trade Set-Up because according to us NIFTY is bullish and in buying mode.

SYNDIBANK BUY AT CMP 77.70 JANUNARY FUTURES

~ Stop-Loss 75 CASH Closing Basis

~ TGT 85+

~ Lot Size: 9000

~ ZERODHA Span Margin: INR 88000 (reference purpose only, it is not a promotion)

Hold til either Nifty comes in SHORT SELL mode or SYNDIBANK closes below 75 CASH

 

DISHTV BUY AT CMP 84 JANUARY FUTURES

~ Stop-Loss 80 CASH Closing Basis

~ TGT 90+

~ Lot Size: 7000

~ ZERODHA Span Margin: INR 75000 (reference purpose only, it is not a promotion)

Hold til either Nifty comes in SHORT SELL mode or DISHTV closes below 80 CASH

 

EITHER WAYS (STOP-LOSS & TARGET) EXIT IS SUBJECT TO MY CONFIRMATION

Market gives & takes back, Whats’ Your choice ?

Rocket Trades

Greetings !

Trading in Stock Market is ZeroSum Game which means Your Profit is someone’s Loss or your current (booked or Mark to margin) losses are someone’s Profit.

In other words, Stock Market is a machine which rotates Capital from one Participants to another. Therefore, Our choice is to be on Side when Market is willingly in mood of giving and should be on side-line when it is in Mood of taking back.

If you are in Stock Market for LONG – TERM because we are. Then first / basic Idea is to Protect the Trading Capital, however the short coming of conservative trading is that we need to either book minor but unnecessary losses or/and sacrifice Profits at later date.

Which means that, ROCKET Trades is more interested in giving Timely Exit to Clients when Nifty is giving Confusing / conflicting signals especially at current high valuations.

This is prudent over playing Target and/or Stop-Loss Game just to satisfy Individual egos.

Sometimes, that turns out to be early or false exit and therefore

~ Resulting in Unnecessary Losses; Example – NBCC, NIFTY JAN, BANKNIFTY JAN

~ Resulting in Missing Profits – ASIANPAINT, NCC, NIFTY OCTOBER, & ULTRACEMCO

No Heart Burns:

Because, rest assured, Market would give you much better opportunity and Trending Positions at later stage, You just need to be alert & willing to take that new positions.

It pays to wait for Positions like IDFCBANK

And Please do remember that one wrong Entry or exit or both will break your Trading spirit with wide margin. Worst part is that healing takes long-long time. We learnt this simple statement from THREE wrong entries namely ARVIND, RECLTD, BANKNIFTY OCTOBER.

However, course correction and final EXIT was much better in all of above.

Conclusion:

All in all, Be ready / prepare to utilise second chance which will be offered by Market (supreme authority) in due course. No need to keep punching trading orders here & there.

Rest, I am leaving to your fine sense of Judgement; what is preferred most out of the following two, namely

~ Conservative Trading Approach

or

~ Aggressive Trading Approach

Time is decay presently and it will be in future, too. Therefore, make good choice, Take your own time.  No Hurries No Worries !

Closing my write-up by wishing you for Booking Profits by Trading Safely !

Thanks for Reading.

Team Rocket

Get in touch with us at,

~ WhatsApp Number: 09900330558

~ E-Mail ID: Rocket@RocketTrades.com

For any more details, doubt, feedback; Speak with Nilesh Jain on 09900330558