Market Commentary
1. NF Gapped down below PDL with the trend GAP.
2. Tried to break 10480 level (below which 30 point fluid exist) failed and moved swiftly
till BRN crossing DO
till BRN crossing DO
3. Struggled to sustain above BRN... marked IRH -- 10507, IRL -- 10477
4. Now 2 possible trade setup's emerging... BPB of IRH Long with FTA PDL 35 point away
& BO/BPB of DL/IRL Short,, 22 point fluid exist til 10456.
& BO/BPB of DL/IRL Short,, 22 point fluid exist til 10456.
5. Skipped BPB of IRH as not convinced of PA.. there was deep pull back..
Not having enough confidence to risk 13 point.. Will wait for PA in Zone 10436-43
Not having enough confidence to risk 13 point.. Will wait for PA in Zone 10436-43
6. NF trading in 2 ranges so far.. Break of upper range upside is bullish…
Hurdle is in zone of 10436-43-52. If NF broke downside of upper range,,
BPB of RL can be attempted but momentum will be below DL
Hurdle is in zone of 10436-43-52. If NF broke downside of upper range,,
BPB of RL can be attempted but momentum will be below DL
7. Trade 1 : BOF of DL Long at 10491 with Initial SL 10475… Took with 5 lots.
8. Moved SL to 10484 as price struggling to pass above earlier swing high
9. Added 5 more lots at 10533 with Initial SL 10517; Avg price is 10512
10. Moved SL to 10535… NF strongly moved above PDL but reversed with same speed
11. Exited with gain of 21 points
Points Earned : +21
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