17 - 03 - 2016 (Nifty)

1. 50+ gap up; and multiple pin bars at open near to BRN
2. 7593 is earlier high; NF exactly stalled over here
3. Will wait for BOF of BRN signal for any shorts; no confidence to short as FTC over BRN
4. Marked range 7587-53 in buy zone; preferable trade BOF of RL or RN
5. PP long may be developing, but 7593 and BRN are hurdle, very close. Ignoring this setup
6. BPB of RH long at 7594 (Or) BOF of RH short after swing low formation ???
7. Long entry not triggered & waiting for swing low formation to place limit order for short
8. Swing low is 16 points away from RH.. not worthy risk in this grinding market i feel;
9. Will wait for PA at LOD/RN/PDH; Look out for BOF signal to go long
10. Potential trade BOF of RN long at 7556 with initial SL 7546
11. Price invalidated above signal, reaching PDH now
12. TST and stalling around PDH now;
13. Trade 1: BOF of PDH long at 7539 with initial SL 7532
14. Scracthed with loss of 3 points

Net :  -3