Thursday, October 26, 2017

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

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