Wednesday, September 6, 2017

Nifty : 06 - Sep - 2017 (-7)



Market Commentary:

10:15 AM : Gap down and IR formed around PDL 9928-9910.


10:22 AM : Potential trades


Above 9932 (DH / VAL) → 9950 (POC), 9955 (VWAP), 9968 (VAH) , 9980 (PDH)
Below 9910 (DL / IRL) → 9900 (BRN), 9885 (SS), 9826 (SS)


11:38 AM : Trade 1 : BPB of DH/VAL long at 9934 with Initial SL 9929, FTA 9950 (POC / RN) 16 points away. Good risk:reward


11:45 AM : Exited with loss of 7 points


14:35 PM : Messy PA today; not comfortable with any signals. Calling it a day


Points Earned :: -7

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