Tuesday, August 29, 2017

Nifty : 29 - Aug - 2017 (-6)


Market Commentary:


9:45 AM : NF gap down below PDL and sustained. IRL broke on upside again. A bit confusing to take any action. Will wait for PB till PDL


9:50 AM : Below 9850, good fluid. But no entry for short yet


10:15 AM : Hesitated in taking BPB of 9850 signal, as price seems to be making channel move downside.


11:05 AM : 9834-47 is range formed. Will wait for PA at 9850 for next signal, bias is down side


11:20 AM : BOF of DL signal came, waited for swing high formation for confirmation, being counter trend. Not happened. Now i can only wait for PA at 9850


11:45 AM : Trade 1 : PP long at 9852 with Initial SL 9842, FTA 9862 which is swing high made earlier.


12:33 PM : Exited with loss of 6 points


12:48 PM : Skipped BPB of DL short signal as not convinced with pin bar formed while breaking DL.


14:15 PM : Missed short boat today, not expecting any trades now. Done.



Points Earned ::  -6

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