Market
Commentary
9:50 AM: DO
above PDC, with in PDH-PDL. and IR formed with in yesterday closing range.
9:54 AM: Avoided
BPB of BRN short entry below IRL as PDC just few points away & not
expecting fall immediately now after volatile session yesterday. Will wait for
some consolidation.
10:44 AM: 9418-9393
is range so far. Will look for BOF of RH short opportunity
11:16 AM: Price
broke range… reversed and stalled at 9420. Which is earlier high. BOF of RH
short possibility at 9416 (below BO candle low) with initial SL 9421… FTA BRN
which is 16 points away
11:31 AM: Trade 1 – BOF of RH short at 9416 with
initial SL 9422. FTA BRN
11:50 AM: Moved
SL to 9418 as no selling pressure on second push
12:00 PM: Moved
SL to 9414, to cost as price stalling around BRN
12:38 PM: Moved
SL to 9407 after price sustaining below BRN. Now below DL, PDC and PDL there. Let’s
see how price react at this juncture.
12:54 PM: Quite
volatile; lucky to have SL honored by 0.85 point
13:15 PM: Moved
SL to 9382, above PDL. Price stalled at RN now
13:45 PM: Exited
with gain of 32 points
14:05 PM:
Ignored BOF of LOL PDL/PDC as lots of volatility going on; will wait for some
consolidation
14:35 PM: Trade 2 - BOF of DL long at 9358 with
initial SL 9347, FTA PDL 20 points away. Attempting this as critical mass exit
may favor bulls.
14:45 PM: Exited
with loss of 13 points. Done for today
Points earned: +19
Thanks..
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