Wednesday, October 25, 2017

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.

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