Friday, October 27, 2017

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

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