Nifty : 25 - Jan - 2018 (0)

Market Commentary:

Pre Market View : Nifty may gap up in view of liquidity to PSB.

Look to buy if took support at PDH for other possibilities wait till Initial Range develops

9:32 AM : DO with in yesterday range; 1st candle acting as MC.. bias is down till BRN cleared.

IR formed (11101 - 11068). BPB of IRL is good short attempt PDL is 25 points away

On contra longs can be attempted only after price sustaining above IRH/BRN 11101

9:52 AM : IRL broken, but price immediately back into IR.. BPB of IRL setup not came..

Now will see PA at IRH/BRN 11100. Since BOF at other end happened, expecting BO of IRH will move

10:42 AM : NF unable to move upside, if sustain below DL…

short can be attempted as BPB of DL, FTA PDL

11:34 AM : Not comfortable with the way price broke DL.. pin bars.. Deep PB.. skipped it..

Later price climbed back into earlier range again..

Now BOF of DL long can be attempted above IRL where it got resisted earlier..

We can expect order flow of trapped shorts

12:03 PM : Skipped BOF of DL long setup as well.. Not comfortable with moves..

Will wait for PDL or DH to break

12:28 PM : Channel is clear now.. Placed alerts for 11100 (DH & BRN), 11043 (DL).

Away till sound notification. We may see sharp down move if sustained below 11040.

13:30 PM : Trade 1 - BPB of PDL short at 11031 with Initial SL 11042, FTA 11k 30 point away

13:46 PM : Exited at 11029 at cost, reversed after moving 20 points in favor

13:55 PM : Now all trapped shorters run for cover on sustaining above 11040…

BOF of PDL opportunity

14:00 PM : Oops.. no swing high after going above 11040… straight move.

Points Earned : 0