Trade One - Follow Up

Today I was anxiously following up on how my picks would behave. RELCAPITAL opened positive and NTPC opened negative! What a disaster!! This is exactly opposite to what I had hoped for. Around 9.30am, I placed the stop loss orders as planned around Rs. 7k loss point. Very soon, both the counters turned direction. NTPC kept on moving upwards. RELCAPITAL quickly turned down 10 points but then with very less volume moved back towards 350. Here are the daily charts:





So, now I stand at:
NTPC: Buy Price=167.20. LTP (Last Traded Price)=166.50. P/L= -1400. Volume down by 50% to 49k.
RELCAP: Sell Price=351.35. LTP=350.45. P/L= +450.Volume at 791k is only marginally less than 5d and 10d average.

Reducing volume on NTPC scares me. However, all attempts to go down fails because of buying at 164 levels. Looks like NTPC is creating a strong base at 160 to 164 levels. But, at least for april expiry this may be lining up for a sideward move. There could be a weekness because of buzzing activity over banks. Also no news around this counter.
I should exit this stock on thursday for I fear people might cash out on friday. Any upmove should come tomorrow thorough thursday. If not, better to exit at best possible price.

RELCAP looks promising to get into 330 zone very quickly. Lots of shorts are seen on the charts.

Both these stocks are showing increase in open interests in the relevant direction. So, I felt it is right to carry forward the trade by one more day.

As a retrospective, Kotak bank went great guns. Gave a 10 pt gain within minutes and ended with a 6 pt gain. Raymond went up 10 pts and ended up 4 pts. As I had thought before, Kotak and Relcap would have been the best combination. Looks like my research strategy is working.

Tomorrow, I will be traveling and hence will not be able to keep a stop loss. Let's see what happens. I see no danger, though.