06 - Apr - 2017 (Nifty)

Market Commentary:

9:35: DO below PDL, price moved above PDL and sustaining

10:30: Small range formed, 8243-57... PDL being in middle

11:15: Price resisting at 8243, which is earlier RL... BOF of lower RH is good signal for attempting short, but space is an issue. Will wait for better clue

11:55: Price into upper range and hovering at PDL now... Looks like small range move till RBI news at 2:30 PM

12:45: DH broke, but price immediately rejected and trading below PDL again... PDL loosing relevance. Removed range mark from chart... wait for PA at extremes now. 8266 – 8232 is range now

14:45: Broke above RH... Pin bar after touching PDC

14:50: I don’t expect any trades today. Calling the day.