Bank Nifty : 14 - Jul - 2017 (-7)

Bank Nifty - Market Commentary

9:40 AM: Trading within 2 BRN’s, and PDH/PDL... will see PA at PDH/PDL.

10:00 AM: After breaking PDL and BRN, price stalled around BRN… will see If BOF of PDL long emerges

11:06 AM: Trade 1 – BOF of PDL/BRN long at 23938 with Initial SL 23798, FTA is MSP, just 20 points away... expecting good order flow break this level. Else will look to scratch.

11:30 AM: Moved SL to 23933, below low made before MSP attempted, as price unable to break MSP with sufficient order flow.

11:33 AM: Exited with loss of 7 points

12:05 PM: Bad luck, after taking me out... BNF moved nearly 100 points in a single bar.

14:00 PM: Waited for BOF of PDH signal, avoided as no PB happened

14:45 PM: Expecting no more trade signals now’ Done for today.

Points earned:  -7