Nifty : 30 - Nov - 2017 (No Trades)

Why to Pay more attention to BOF of PDH / PDL Levels ?

Here is text book example.

Nifty : 29 - Nov - 2017 (-17)

Nifty :28 - Nov - 2017 (+34)

Nifty & Hind Petro : 27 - Nov - 2017 (-12)

Nifty : 24 - Nov - 2017 (+22)

Nifty : 23 - Nov - 2017 (-5)

Nifty : 22 - Nov - 2017 (+28)

Nifty : 21 - Nov - 2017 (0)

Nifty : 20 - Nov - 2017 (0)

Nifty & Sunpharma : 17 - Nov - 2017 (0)

Nifty & JSWSteel : 16 - Nov - 2017 (+23)

Nifty : 15 - Nov - 2017 (-6)

Nifty & TCS : 14 - Nov - 2017 (-11)

Nice Long Setup in Crude

Nifty & Voltas : 13 - Nov - 2017 (-2)

High Probability Trade Signal Examples

                                                                        Examaple 1 : 

ITC in down trend
Ranged during yesterday closing time
Opened near to PDL; followed by nice pin bar with long tail indicating bullish pressure
Professional Entry is above Pin Bar with Stop below DL; easy to scratch if DH not crossed
Another good entry is above BO bar high

Example 2

Good long entry after yesterday's momentum getting extended

                                                                         
                                                                            Example 3

Entries with weak pull backs give nice RR than entry below swing points ... confirmation is just Psychological .. with practice and experience we can make this!

                                                                             Example 4

We can trade momentum moves after news as well; with this kind of setup's trade become high probability winning candidates... if risk is not in limit.. one can trade in CASH as well

                                                                               Example 5

Fluid always high probable; specially when rejection seen at powerful levels like PDH and PDL

Professional Entry Vs Retailer Entry

Nifty & HeroHonda : 10 - Nov - 2017 (0)

Nifty & DLF : 07 - Nov - 2017 (-9)

Note : Profit / Loss is measured in nifty points. i.e. adjusted with stock trades when ever took.

Nifty : 08 - Nov - 2017 (No Trades)

Nifty : 07 - Nov - 2017 (+37)

Nifty : 06 - Nov - 2017 (+45)

Nifty : 03 - Nov - 2017 (No Trades)

Market Commentary:

10:15 AM - NF opened near to PDH, 1st candle acted as MC … thought of attempting BPB of PDH short below IRL.. but hesitated seeing PDC just away.. That trade worked well breaking PDC, PDL swiftly.. Later NF gave BOF of PDL signal, but not expecting retracement of sharp fall with out a bit consolidation.. Hence avoided this signal as well. Expecting range formation between PDC and PDL (or DL) .. will look to fade range extremes.. Preferably BOF of RH short.

10:41 AM - No range as anticipated. NF moving towards PDH.. this move surprised me. Now we have to see PA at PDH / DH from where price rejected at DO. Inability to push the prices above PDH/DH may invite fresh shorts.. Also bulls may do some profit booking if price shown weakness at PDH/DH … so will wait for PA at PDH/DH now.

13:36 PM - Placed BOF of PDH short order below low of BO bar

13:48 PM - Cancelled as price moved back above PDH

14:38 PM - Closing the day as no trades expected

Nifty : 02 - Nov - 2017 (-3)

Market Commentary:

9:40 AM : NF opened with in yesterday’s range.. Below PDC and PDH.. attempted to go above IRH, failed to continue.. Below IRL (10448), 40 points Fluid is there. BPB or BO can be attempted.

10:09 AM : NF broke IRH, TST to PDC.. pulled back till IRH (10465) .. BPB of PDC long is good attempt as price moving from lower range to upper (yesterday’s closing range) and PDH is 13 points away.. Enough space to scratch if trade did not work.. On contrary, if price moved back into IR.. a direct BO below DL / IRL is good short attempt considering trapped longs above IRH.

10:33 AM : Cancelled order as price back into IR.. and no momentum seen. Away till price move above PDC Or near to DL

12:03 PM : Trade 1 - BO of IRL short at 10446 with Initial SL 10352

12:30 PM : Moved SL to 10447, as 2nd push failed to move NF further down

12:39 PM : Exited with loss of 3 points

13:58 PM : Waiting for PA at range extremes now.. DH, DL.

Nifty : 01 - Nov - 2017 (+13)