Tuesday, January 23, 2018

Nifty : 23 - Jan - 2018 (+56)



Market Commentary:


9:20 AM : DO above PDH and price sustaining above 11K
9:30 AM : Trade 1 :- BPB of BRN long at 11012 with Initial SL at 10998
9:53 AM : Moved SL to 11009 below swing low
10:21 AM : Moved SL to 11018, below swing low. Swing lows well respected so far.
Today going to be trend day?
11:03 AM : Moved SL to 11028, below low of consolidation range. If stop triggere...
Will look for long opportunity around MSP (VWAP as well at same price right now)
11:58 AM : Moved SL to 11037, below low of recent swing low leads to BO of congestion zone
12:07 PM : Moved SL to 11040, below low of BO candle
12:18 PM : Moved SL to 11047, below recent swing low after new high made
12:37 PM : Moved SL to 11060, most recent PB low
12:45 PM : Moved SL to 11070, price seems to be reversing.. Don't wanna give back more
12:54 PM : Exited with gain of 56 points
2:02 PM : Trade 2 :- BOF of MSP long at 11063 with Initial SL 11040;
trading with half of usual quantity as SL is big. Will add remaining position above DH
2:30 PM : Moved SL to 11047, below MSP
2:46 PM : Moved SL to 11065, break even.. Price approaching DH.. won’t add new position now..
Its already 3 PM
2:53 PM : Exited at cost



Points Earned : +56

3 comments:

  1. Excellent trade Rose,no ifs and buts , straight drive. Congrats.

    ReplyDelete
  2. Could u pls explain what is BPB of BRN

    ReplyDelete
    Replies
    1. Hi Nijo,

      Its break out pull back of big round number
      If you are new here, read DP method. in below link you can download eBook
      http://niftynirvana.blogspot.in/2013/12/download-e-book.html

      Delete