When Dow jones index crashed about 300 points last day some traders were fearing a same kind of crash in Nifty. We were watching the build up of a fear last night. But we relied completely in our day trading system which was only looking at numbers and ignoring the emotion based trading. lets have a look on our major trades for the day.
State bank of India
We bought at 2222 and sold at 2263 after gaining 1.85%. SBI was moving on its board meeting news and result. we dont know what the result would be. But the software system could predict certain technical level from which SBI could get a momentum. That worked out and our system users got a gain in SBI.
Tatamotors
Tatamotors declared a result last day. It was quite start for tatamotors today morning. We didnt care about the result part as we relying on efficient market hypothesis , when the level of 270 reached , the share was bought and it had crossed our target level at 275 immediately, we put a trailing stop loss at this level and waited till market close and thus achieved a gain of 4.81%
Jubiliant foodworks
Brokers were different in Jubiliant foodworks. Some calls for selling where as others in favour of buying. But the trading system were bearish about the share last day. We short the share on wednesday and we lost. Today we recommended it to buy and we achieved a gain of 4.17% in this share
DLF
It will declare results on 12 November. It was not like "buying when nobody wants to buy " approach. Its just based on certain levels. DLF was down due to certain negative news in past. whatever it is we could make a gain of 0.94% in intraday trading
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