Market Commentary:
9:29 AM : Small gapup, DO is at closing RH 9940 and price sustained above DO and crossed VAH - 9945
10:05 AM : Price struck in narrow range now 9968-58.
10:28 AM : Trade 1 : BOF of Narrow range long at 9960 with Initial SL at 9952 (below VWAP and PB low). Entered half quantity only, will add more once NF sustain above DH
10:35 AM : 9975 NF / 9950 NS are levels acted as flip before fall in yesterday session. Will look to add more position if price sustain above
11:30 AM : Exited with loss of 4 points
11:35 AM : Extended range as 9968-52. Bias is bullish as range formed above yesterday closing range, PDC, DO. Will see if BOF of RL signal comes and look for entry above VWAP
12:19 PM : NF moved in reverse direction; sharp fall after breaking 9950. Moved till PDC/POC as of now
13:05 PM : Placed short order at 9943 as TST/FTC of 9950 level, which was earlier narrow range’s low which produced sharp fall.. Now acting as resistance. Placed order entry below Intra VWAP
13:20 PM : Cancelled order as price back into morning’s range
15:05 PM : Closing the day;
Points Earned :: - 4
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