Market Commentary:
9:40 AM : NF gapped above PDC / BRN.. sustained BRN so far. IR formed 9820-9800
9:46 AM: Above IRH, PDH at 9830, if price break and sustain PDH.. expecting good short covering rally; Contra view, if IRL broke.. Expecting PDC to hold.. Bulls may attempt a rescue after filling gap… If not, will wait for PA at PDL
10:14 AM: After TST to PDH, price reversed and back into IR again. Will have to see PA once it reaches IRL / BRN for any trade setup’s
10:15 AM: As long as BNS sustain above 24100 (PDH), no sharp fall expected in nifty as well. BN will hold nifty.
11:54 AM: Drawn newer small range 9820-10
12:35 PM: Not convinced with PA to enter short as price gave TST kind of setup at PDH, while bias is bullish. To trap longs, good BOF setup is required
13:28 PM: Waiting for PA at PDH/BRN.. Also DH/DL
14:24 PM: Badluck, was away from desk. Missed BOF of BRN/DL signal which i waited to trade all the day. Need to explore option of getting price alerts my SMS.
What is BRN, PA,
ReplyDeleteBRN -- Big Round Number like 9900, 9100
DeletePA -- Price Action