Today, there was no clear idea which way the market will move. Banking stocks opened in negative. Asian market was in positive so I was doubtful that Nifty may go up after opening.
I bought 20 Axis Bank shares at 1446 in that anticipation when that stock was falling. Luckily it reversed from where I bought it (with low of 1445).
I placed sell order for 10 Shares at 1450 to book small profit instead of waiting. It got executed within 5 minutes.
But Axis bank again started moving down and came to 1447 so I placed sell order of 5 each at 1451 and 1452.60. Within 5 minutes those 2 orders also got executed and it moved upto 1158.
I thought, it will come down so I placed sell order of 10 shares at 1159.60 and it got executed immediately and still stock was moving up. So I added sell position by 5 at 1162.50.
I added 5 more at 1166.10. and placed buy order of 5 shares at 1157 and one more buy order of 5 shares at 1456.25.
Axis share was moving between 1460-1465 for few minutes so i was bit worried. But luckily it fall sharply and both my buy orders got executed.
So now i was having only short position of 10 shares. I put buy order of 1454 for 10 shares.
But suddenly it started moving up and went above 1465. I added 5 mor at 1470 and cleared it immediately at 1464 because it was very volatile and if it moves up then i was at risk.
Still buy order of 10 shares at 1454 was open. Axis bank stock was above 1463 for half an hour. I was doubtful whether it is upward breakout.
But suddenly it fall and came below 1460. I modified buy order for 5 shares at 1455.30 at it got executed immediately after 12 p.m.
Now i was having only 5 shares which got squared of at 1454 after an hour.
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Good day again which ended in profit.
I will update final details after brokerage and taxes once i get mail from sharekhan.
