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