Nifty : 27 - Oct - 2017 (-7)

Market Commentary:

9:30 AM - NF opened above PDH, but not sustained. IR formed (10378-10355)

Placed short order at 10354 as BPB of PDH, 30 points fluid below.

9:57 AM - NF rejected from IRH and below PDH now.

10:15 AM - Not breached DL/IRL.. Price struck in small range now. Break below DL seems good short entry as fluid below. On contrary, Bullish momentum only above DH

10:30 AM -  Placed 2 orders, long above DH.. Short below DL.. I wish short triggers, due to30 points fluid below

11:16 AM - Trade 1 : BO of IRL/PDC at 10354 with Initial SL at 10361

11:28 AM - Moved SL to 10359, as no sharp fall happened

11:31 AM - Exited with loss of 7 points

14:11 PM - Price moving in channel… not comfortable at all. Closing the day

Nifty : 26 - Oct - 2017 (+16)

Market Commentary:

9:48 AM - DO with in yesterday closing range. IR formed (10290-10275).

10:04 AM - BOF of IRL/PDC happened. No swing low formation for entry. Will see if BPB of IRL happens.

11:15 AM - Trade 1 -  PP long above DH at 10293 with Initial SL 10288, expecting sharp move till FTA at least.

11:27 AM - Scratched at 10090 as price not moved as expected. Loss of 5 points

14:10 PM - Trade 2 - BOF of PDH short at 10329 with Initial SL 10337, FTA MSP 20 points. Counter trend but rejection is evident. Will scratch if doesn’t move in favour fast

14:30 PM - Moved SL to 10309, above swing high while price approaching BRN

14:37  PM - Exited at 10307 with gain of 21 points

Nifty : 25 - Oct - 2017 (No Trades)

Market Commentary:

9:42 AM - Trend gaup above Previous ATH and NF sold off. IR (10335-10270) formed. Will wait for BOF of IRL signal as Bias is Up as PATH is holding.

11:18 AM - Price ranging now, retraced till MSP or IRL … FTC of MSP signal, but not confidant that any trapped longs exist for FTC alone.. Will wait for BOF of MSP

12:01 PM - NF hovering around MSP, without any pattern… MSP not generating any order flow.

14:05 PM - No reliable signal to go long at BRN 10300 as price rejected once, deep pull back.. In second attempt it sustained but i am not convinced to trade long here. Skipped it.

14:50 PM -Price stalled at BRN again; not expecting any trade signals now.

Nifty : 24 - Oct - 2017 (0)

Market Commentary:

9:50 AM - NF opened near to PDC. IR (10214-10188) formed. BRN (10200) and PDC (10196) with in IR.

9:56 AM - NF struggling to cross PDH, FTC short possible.. But BRN and PDC just away.. Not worth of risk. Will wait for BO to happen above PDH first, next look to enter either BPB of PDH or BOF PDH short.. Bias is upside as of now. Unless strong rejection at PDH, long is preferable trade signal.

10:11 AM - Expecting good short covering once NF crosses 10227 level, which is pin bar high on friday and acted as flip earlier (seeing left side chart)

10:13 AM - Trade 1 : BPB of PDH long at 10224 with Initial SL 10213, FTA RN 26 points away

10:26 AM - As expected above 10227 NF Spiked up, but no fresh buying. Gave a deep pull back

10:27 AM - Moved SL to 10222, near to cost price.. As NF not moving as expected.

10:43 AM - Moved SL to 10226, to cost. BN not supporting move.

10:47 AM - Exited at cost

11:25 AM - 10:12 candle acted as master candle and seems price forming range… 10238-10218. Next potential trade signal BOF of PDH short (Or) watch PA if price reach 10338 (RH) / 10444 (DH)

11:52 AM - Placed BOF PDH short order (half quantity) and cancelled once price back into upper range

11:55 AM - BOF of PDH signal, but i am not confident if any shorts get trapped here as price slowly drifted down with orderly pullbacks. Generally we can expect shorts trapped after sharp selling and hitting prominent support level. Will wait for PA at DH/DL.

13:56 PM - NF broke DL, 2 pin bars showing bullish pressure.. But PDC and BRN just above.. Not having confidence this trade will work. Passing it. Removed BRN and PDC from chart, as they are not acting as DP’s

Nifty : 23 - Oct - 2017 (+25)

Market Commentary:

9:25 AM : NF opened with in yesterday closing range and moved sharply till PDH and some selling pulls price till PDH; BPB long here only works better if enter above DH which is 15 points away.. Not good R:R, also price moved significantly already. Will see if sell signal comes

9:42 AM : Trade 1 - BOF of PDH short below BRN 10198 with Initial SL 10210; LOL protection gave confidence to attempt.

9:48 AM : Moved SL to 10203 once price moved away 15 points from from entry

9:54 AM : Moved SL to 10182, above DL BO candle high

10:09 AM : Moved SL to 10179, above swing high

10:22 AM : Exited with gain of 17 points

10:34 AM : NF did a CPB and may range for some time b/w 10181-10156

10:58 AM : NF broke the range, touched VWAP.. immediately rejected and back into range.. Will look for BOF of RH signal; but SL triggering accelerate below MSP (10168) only

11:12 AM : Skipped BOF of RH signal as MSP is very near; Will see if price PB till RH and reverse.. That makes BOF of RH signal more prominent and we can expect good amount of SL triggering below MSP (10168) or recent swing low formed (10171)

11:31 AM :  Hesitated in shorting below MSP, as space is less to DL which may offer support. Let's see if BPB of DL short signal comes

11:41 AM : BOF of DL happened, now price swiftly reversed back into range; I expected RL wont hold.  

12:03 PM : Trade 2 - BPB of RL short at 10151 with Initial SL 10161, FTA PDL 30 points away

12:09 PM : Moved SL to 10139, after quick rejection from PDL

12:28 PM : Exited with gain of 10 points; PA respecting DP’s but deep pull backs reducing profits

13:45 PM : NF reversed till MSP (10157) and facing selling pressure again; Good location for short would be the zone of 10154-10160 where earlier RL, MSP lies. Will see PA once NF reached here

14:35 PM : Trade 3 - BPB of MSP long at 10165 & 10172 with Initial SL 10164, FTA BRN 35 points away; expecting good short covering here

14:43 PM : Moved SL to cost, 10167 as NF not moving as expected

14:45 PM : Exited with loss of 2 points

Nifty : 18 - Oct - 2017 (+28)

Market Commentary:

9:37 AM : Counter Trend Outside Gap down below PDL… Good buying in 1st Bar indicating bullishness.. But price rejected from PDL. IR formed (10232-10203) .. People who shorted in 1st failure at PDL would have their SL’s above IRH.. long here is safe as SL is have IRH and PDL support.. On contrary, another failed attempt to concur PDL invite fresh shorts… Lets see

10:15 AM : Considering IRL as 10215.. Ignoring tail in 1st candle… BPB of IRL is good short attempt. Bias down, price unable to cross PDL again, BN weak, FTA 12 points away

10:30 AM : No good BPB short entry happened, also price reversed back into IR now.. Will wait for PA at PDL or DL/BRN now… bias is down as long as price not sustaining above PDL/DH

11:57 AM : Price broke DL and BRN.. placed BPB short order which not triggered. Price moved above BRN giving BOF pattern later.. Waited for swing high formation. Swing high formed 10 points above BRN, FTA 10020 10 points away.. not a good R:R.. that too contra trade while BN is bleeding.Will wait for pull back till BRN for any better signal

12:25 PM : Trade 1 - BOF of BRN long at 10206 with Initial SL 10098, FTA 10220 14 points away

13:06 PM : Trade 2 - BPB of PDL long at 10235 with Initial SL 10024, FTA PDC is 20 points away

13:15 PM : Average price is 10020, SL placed at 10024

13:43 PM : Moved SL to 10027

13:50 PM : Moved SL to 10034, as some selling pressure after crossing DH

13:58 PM : Moved SL to 10036, below recent swing low

14:12 PM : Exited with gain of 28 points

14:20 PM : No plans to trade now.. BN expiry may take nifty also for a volatile ride. Closing the day.

Nifty : 17 - Oct - 2017 (-14)

Lession:

2nd Trade not moved away from PDH quickly as expected and ranged at same location for nearly 2 hours, premise to hold is no more valid.. should have scratched and traded BOF of PDH ... As i hanged with wrong position, missed to trade right signal.

Nifty : 16 - Oct - 2017 (No Trades)

HindSight Analysis:

1. BPB of IRL is good signal i missed as i took more time to switch bias...i was looking for BOF of    IRL long while BO happening.

Solution : Write down possible price moves and action plan as price unfolds its direction.

2. BOF of PDH signal (came after down move), is difficult to take as FTA IRL is very near and not expecting V shapre recovery. its like fidling with middile.

Nifty : 10 - Oct - 2017 (+9)

Nifty : 09 - Oct -2017 (-11)

Nifty : 06 - Oct - 2017 (No Trades)

Market Commentary:

9:34 AM :IR (9950-9928) formed with yesterday’s range again. Any directional move only after crossing PDH/PDL. Let's see PA after break of IR. As of now bias is bullish, and looking for BPB of IRH or BOF of IRL long

10:00 AM : NF broke IR and PDH with force, littile PB didn’t allow me for entry. Difficult to catch this kind of straight line moves.. Will wait for price to move till PDH or forming a range here. It seems day is going to be trend day

12:03 PM : 9968-9990 is the range formed above PDH; will look for a BOF of RL long with stop below PDH

14:02 PM : Price attempted to go above range formed.. Did a BOF and sharp fall to RL.. it's a bit confusing now to attempt any longs. Will wait for some time if price reaches RL or PDH again and gets rejected

14:12 PM : On contrary, if price breaks and sustain below PDH.. a short can be attempted

14:52 PM : Time Up;

Nifty : 05 - Oct - 2017 (-8)

Market Commentary:

9:24 AM : Day trend Up; NF opened with in yesterday’s closing range , 9947-54 is resistance zone.. Above which bulls may rule.. Will wait for IR formation and breakout from IR

9:30 AM : 9942-9925 is the IR; bias is Up so far.. Will look for BOF of IRL signal (Or) PA at PDH

10:10 AM : NF broke IR and immediately PDH, with no PB shooted 10 points.. And reversed till PDH with same force now

10:33 AM : Missed to take BPB of short signal as price dropped before i punch order; i should be ready with order form well ahead.

12:00 PM : MSP is at 9930, will look for PA here for next trade signal

12:14 PM : Price is struck in narrow range now. 9930-9911. 9930 is the MSP decides bias change, below 9911 bearishness continues… challenge is to get entry now.. BOF of PDH is good location.

13:50 PM : Trade 1 : BPB of MSP long at 9933 with Initial SL 9925, FTA PDH is 14 points away

14:10 PM : Exited at trial SL 9927, with loss of 8 points

14:40 PM : Not expecting any trades now; closing the day

Nifty : 04 - Oct - 2017 (No Trades)

Nifty : 03 - Oct - 2017 (+0)