Nifty : 04 - Sep - 2017 (No Trades)

Market Commentary:

9:45 AM: NF opened with in yesterday’s closing range. IR (9998-9980) formed. One attempt to break IRL is failed, as long as DL is protected bias is up. Looking for PA at IRL/DL (Or) after breaking PDC / BRN – 10k.

10:25 AM: Waited for BOF of RL/DL signal, but price broke and moving in lower highs lower lows fashion. Let’s see how price behaves at PDL now

11:18 AM: Range formed now 9974-9962. Bullish momentum only after crossing earlier swing high 9991.

11:58 AM: Sharp fall and PDL broke with spike, no signal to enter. Will see if any pull back to PDL and possible entry

12:30 PM: 9885 may act as a flip now... Seeing from last 4-5 days PA there.

12:35 PM: Avoiding BOF of BRN signal as counter trend and Initial SL is 20 points

14:00 PM: Not comfortable with rest of the day signal, proper entry for short is before it broke down... missed it.