Thursday, March 31, 2016

31 - 03 - 2016 (Nifty)



  1. Day trend is UP and Price opened near PDH (7747)
  2. DO is protected, IR (7755-36) formed
  3. Will wait for range formation and look to buy RL
  4. Above IR, (7777-59) is the tight range formed
  5. Will wait for some cool off, being expiry we can expect sharp down moves as TRAP
  6. Potential Trade: BOF of RL long at 7763 with initial SL 7553
  7. Cancelled the order as price get into IR now; 
  8. Price made swings into both ranges; will look at extremes only now
  9. Did TST to DH and reversed swiftly
  10. Just watch expiry game now; no trades


Net: 0

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