04 - 04 - 2016 (Nifty)

1. Day trend sideways; DO near to PDH and attempted BRN in 1^st candle
2. IR (7785-68) formed above PDH; will look for long opportunity
3. BOF of DO signal; will wait for swing high formation
4. Price moving back and forth around PDH; will wait for proper setup
5. Price not sustaining in by zone; will look for sell opportunity as BOF of PDH
6. Tomorrow 11 AM RBI meet, don’t expect significant moves until the event
7. Trade1 (10:24): BOF of PDH short at 7768 with initial SL 7775
8. Moved SL to 7770 as N stalled at RN
9. Moved SL to 7766, cost
10. Moved SL to 7759
11. Exited with gain of 7 points
12. 2 ranges in play so far, IR and 7767-47 (1:15 PM)
13. Price broke lower range through DO and failed to sustain above PDH
14. Not comfortable with price patterns and waiting for some clear signal
15. Extended higher end of lower range to PDH now (2:30 PM)
16. PP long can be attempted above PDH, also BOF at other end giving a clue that long may work
17. Trade2 (2:48 PM): PP long at 7775 with initial SL 7768; 1^st hurdle is 7750 NS is points away... Ready to scratch if reversed sharp
18. Exited with gain of 12 points 

Net: +19