Monday, March 28, 2016

28 - 03 - 2016 (Nifty)




  1. IR (7729-09) formed with in yesterday closing range 
  2. Preferable trade BOF of RL short or BOF of RH short
  3. Broke IRL and stalled below it; will wait for price to react at BRN
  4. Potential Trade: BOF of BRN long after swing high formation with initial sl 7696; FTA 7718
  5. DB at 7696; this level may hold
  6. Trade 1(11:30) : BOF of BRN long at 7704 with initial SL 7696; FTA 7718
  7. Exited with loss of 10 points
  8. BRN lost its relivance now; removed as DP, looking for price to reach PDL
  9. So far traded in 2 ranges 7729-09 & 7709-7689, both 20 points
  10. Potential Trade: BOF of PDL long at 7683/after swing high formation with initial SL 7676 
  11. Oops, nifty broke downside with no PB to PDL, didn't even think about BPB short opportunity 
  12. Done for today


Net: -10

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