Thursday, September 21, 2017

Nifty : 21 - Sep - 2017 (-3)



Market Commentary:

10:02 AM : NF opened at 2 day’s low and shooted back into yesterday range. Waited to short once PDL broke.. But price slided very fast no letting me to enter


10:30 AM : 10067 is earlier support level.. Price seems to be reversing from that zone, currently scaled above 10100 BRN..


11:17 AM : MSP is at 10115 and VWAP at 10116.. Will attempt short if price gave BOF of MSP signal


12:05 PM : Trade 1 : BOF of MSP short at 10111 with Initial SL 10120, FTA 11 points away, will look to scratch if doesn't move.


13:18 PM : Moved SL to 10112 as price reversing from FTA


13:35 PM : Exited with loss of 3 points


14:25 PM : Now price sustaining above MSP and VWAP as well, bias is bullish.. But not a good location to trade longs.. Will wait for price to approach zone of 10149-10158 for any further trade signals.

14:45 PM : Time Up

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