Wednesday, March 23, 2016

23 - 03 - 2016 (Nifty)



  1. IR (7721 - 7692) formed with in yesterday closing range & price in neutral zone, so preferable trading extremes
  2. After BOF of BRN, price stalled for more than 30 minutes by now, BOF of LOD attracts more longs i believe.
  3. Potential Trade: BOF of RL long at 7697 with initial SL 7688; FTA DH is 24 points away
  4. No swing point and NF broke as BPB
  5. Ignoring BPB short signal as i was not comfortable the way price flowing below range
  6. Trade 1 (11:48) : BOF of RL long at 7697 with initial SL 7688; FTA DH is 24 points away
  7. Exited with loss of 11 points
  8. Extended the range 7721-7679
  9. Missed BOF entry at RH/DH, as i was waiting for at least one candle closed above RH
  10. Done for today


Net: -11

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