Monday, May 29, 2017

29 - May - 2017 (Nifty)



Market Commentary

10:15 AM: DO near PDC and sharp up move above BRN, followed by sharp fall till RN now. Price didn’t give any opportunity at PDH for safer entry.

10:57 AM: BOF of DO/PDC short placed at 9565

11:03 AM: Cancelled short order after 2 green candles above PDC; will wait for PA at PDH

11:31 AM: Trade 1 – BOF of PDH short at 9582 with Initial SL 9591, FTA PDC/DO is 12 points away, will scratch if trade doesn’t move in favor fast

11:48 AM: Exited with loss of 11 points; price shooted up till BRN and reversing with same force. Suspecting BW, will stay out till some clear signal comes.

12:47 PM: A bit confused on PA today, will attempt trade only if any low risk tradable setup at DH/DL now

14:00 PM: Price settled above DH now, not expecting any trades for today


Points earned: -11

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