Tuesday, April 12, 2016

12 - 04 - 2016 (Nifty)


[09:34] Day trend Up; NF trading above DO and PDC; Broke PDH just now
[10:08] After trend move  yesterday, expecting range move today; also PA so far confirms the same. will wait for range formation
[11:45] Price unable to crack DH for 2nd time; but will not attempt trade with this signal. Probably a strong rejection appear in form of long tail upside.
[12:07] Set price alert for 7704 level; will be back once price hit this level, expecting safe long entry near DO or BOF of PDH
[13:48] Trade 1: BOF of DO long at 7696 with initial SL 7684
[14:02] Moved SL to 7690 as NF moved till PDH
[14:16] Moved SL to 7695 as PDH broke
[14:21] Moved SL to 7705, below low of BO candle
[14:29] Above 7735, bullet train starts?
[14:37] Moved SL to 7714 as DH crossed
[14:55] Moved SL to 7720, 2nd attempt to concur DH
[15:20] Exited at 7735 with gain of 37 points; Done for today.

Net: +37

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