Market
Commentary
9:30 AM: Nifty opened counter trend gap up
above, being expiry we can expect good short covering as well. Hesitated to
enter long after 1st PB at 9543 as SL is 15 points.
10:17 AM: Drawn range 9558-47, will look
for long if BOF of RL signal comes. 40 points fluid above DH
12:30 PM: Price gave TST only to RL and
broke again; missed the trade. I should develop the mindset of attempting
trades with TST also, especially when price in trending mode with orderly pull
backs.
13:03 PM: 50 points straight line fall, and
price stalled around PDH now. BOF of PDH long can attempt. Currently BO itself
not happened, its TST as of now. Don’t expect V shape reversal, will wait for
better signal.
13:25 PM: Ignoring BPB short signal as SL
is big
14:00 PM: Expecting good short covering
above PDH/DO. will attempt long after PB
14:20 PM: Trade 1 – BOF of PDH long at 9525 with Initial SL 9517, FTA RN 9550
25 points away
14:40 PM: Moved SL to 9527, to cost.
15:00 PM: Exited at cost. Too much volatility,
expiry lived up to its name J
Points earned: 0
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