05 - 04 - 2016 (Nifty)

• [9:15 AM] Day trend UP; DO near PDL, counter trend gap down of 50 points
• [9:33 AM] 1^st candle acting as MC (till 11 AM?)
• [10:00 AM] IR formed with in yesterday range and just above PDL (7755-41)
• [10:12 AM] Potential moves after RBI news: - Price may break till BRN (roughly around JNSAR 7676 NS) and reverse (Or) a break through DH followed by fall into PDL... Let’s see if my baseless predictions come true [:P]
• [10:39 AM] BPB of PDL short signal; but I prefer to wait for news and price complete its wild reaction (if any)
• [11:24 AM] After RBI news, price sharply fell down and reversed till RN... broke day low now
• [11:42 AM] BOF of BRN long signal; will let this signal go, as I don’t think short covering takes place here, may be some consolidation may happen
• [11:55 AM] Somewhere around 2013 I think, on RBI event day I switched JNSAR position 4 times in a day resulting 100 points loss and EOD nifty closed where it has opened… I was too frustrated at that time and took break of a month and later browsed internet and tried different systems and combinations… and that search took an end when I found Nifty Nirvana blog. Of course the problem is not with JNSAR (mechanical) or any System, it is we who has to know when your system works best and when it loose edge.
• [2:45] Price moved like trend day; was expecting some PB to at least BRN... Which never happened.
• [3:28] done for today 

 

Net: 0