15-Jun-2017 (-14)

Market Commentary

Pre-Market:

Above PDH, nifty may attempt BRN (9700)

Below PDH, nifty may test another BRN (9600)

No directional big moves until nifty breaking this zone

9:30 AM: Gap down of 20 points and price struggling to cross 9640 level. which acted as resistance yesterday

10:07 AM: IR (9621-9608). Price broke IRH, but no momentum

10:17 AM: Trade 1 – BOF of IRH short at 9620 with Initial SL 9626, FTA DL which is 12 points away (took this with half of usual lot size)

10:52 AM: Exited with loss of 4 points (Note: I am adjusting loss/gain against usual trade quantity, for better tracking)

12:30 PM: Not comfortable with narrow range moves, will wait for PA at PDL/BRN

13:55 PM: Trade 2 – BOF of BRN long at 9604 with Initial SL 9596, FTA DH 22 points away.

14:10 PM: No buying momentum; but will take chance as trade location is good (PDL and range low) and risk with in limit

14:25 PM: Exited with loss of 10 points

14:30 PM: Closing the day, as I may get into revenge trading now.

Points earned: -14