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--- trade-diary [2018/07/24 15:27]
priya
+++ trade-diary [2018/08/29 19:54] (current)
111.125.228.67
@@ Line 137: / Line 137: @@
 July 24,2018 - Nifty closes at 11130. Still dont think it will cross 11200, which is currently trading at 17.50. So keeping the position open. World i neutral , Indian market seems upbeat. My MACD cross over stocks, LIC Housing finance and IOCL are doing great. Hoping to book short term profits and then reenter.
+July 27,2018
+I have bought avanti Feeds for long term due to the below reason. stock is trading 12.93 PE with a ROE of over 50% Company has no debt and increased promoter stake during the recent price correction. The prices had formed a double bottom and bounced back. Looked like a good place to enter fundamentally and technically.
+three trades were done based on MACD cross over with increasing volumes. Target and stop loss was arrived at based on resistance levels and support. JK cements seemed to have potentitial for 20% while the other two 10%
+JK Cements - closing price on cross over was at 797. Bought at 798 Target - 853 - 860. Stop loss - 763
+IRB - closing price on cross over day at 201. Bought at 203.5 Target - 224 Stop loss - 187
+Tata power - Closing price on cross over - 70.8 bought at 71.5 Target - 77.2 stop loss - 67.8
+JK cements was closed at stop loss. Other two positions are still hovering between stop loss and targets ..!!
+Aug 16,2018
+A Pair trade opportunity of Tata Motors and Tata Motors DVR was deducted due to a wide divergence between the two stock futures. Although the divergence widened post my purchase, this is only the second time in 250 + data points it has diverged so much. it will converge back , hopefully in a week closer to 1 SD. Will be tracking it to closure. Stop loss = 3 SD
+Aug 21, 2018
+After Diverging last couple of days to DC of 1.00 the stocks have started converging.. My notional loss reduced from 12+ to 3+. There was a short covering rally in dvr and for today there was gap of almost 1% btw the two stock in movt. Mean convergence should happen soon.
+Aug 23, Pair trade in green today. movd towards 2 SD. Will wait for it to move to 1 SD and close. probably tomo or monday. remind me to send Karthik a gift :)
+Aug 24 - choppy day. was green at +1350 at closure. Awaiting mean reversion.
+Aug 28 - Yesterday it was in green upto 3500, today in red upto 5K+, closed in red of about 3K. Tata Motors DVR is just not moving up !!
+Aug 29 - Diverged still closed in red about 4K+. Will wait till post lunch and roll over the contract.

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