Day Three review - Monday, 3rd June 2013

You ever have one of those days where you know exactly what's going to happen and then viola, the exact same thing happens! It's one of the best feelings in the world isn't it? To see what you predicted come true is one of the best things in the world.

Lets see what happened today:

1. Buy Infosys, Entry: 2410-2420. Target: 2540+. Stop Loss: 2360. ETA: 2 weeks.

The Narayan Murthy effect took place way before the market even opened. Infy gained over a hundred points during the pre-market session itself to open at 2525! I truly underestimated the way Infy moves when some news about it breaks out. Actually anybody could have predicted this so this trade is disqualified. Especially since the entry point and ETA were way off. 

2. Sell BHEL, Entry: 201-202. Target 197.5. Stop Loss: 204.3. ETA: 1/2 days.

BHEL

This was spot on! BHEL made a day high of 201.85 and closed at 197 with a day low of 196.2!
It couldn't have gone any better. I just like to give out a safer ETA since I do get apprehensive about intraday trades. BHEL target achieved, can still hold for 194-193.



3. Buy RelianceInfra, Entry 360. Target 370. Stop Loss: 356. ETA: 3 days.

RelInfra

This was rather unfortunate. I have actually predicted the exact entry and exit points on Infra on quite a few occasions before, but never against my favor. Infra made a day low of 355.4, just .60 away from my SL, and that is very disappointing. I had half a mind to keep the SL at 355 but I settled on this. Anyway, after that Infra touched a day high of 370.4.
I can say that SL and Target were both achieved.

I will give out my analysis for Tuesday tomorrow itself. Good night folks.

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