Wednesday, March 6, 2019

Nifty : 06 - Mar - 2019




Market Commentary

9:25 AM :  
NF opened above PDH
Skipped BPB of PDH Long as i expect some range bound moment today after good trend day yesterday
Will prefer to buy at RL’s as long as price stay above PDH

10:40 AM:
BOF of DL/PDH/NS BRN 11000 happened
Took position in 10900 CE with SL below DL
Expecting move till DH; depend on how it reaches and if price sustain above DH,, will add more longs

1 PM:
Exited Call when price got rejected at DH in NF, NS didn’t even attempted to make new high
Now will wait for PA in zone of DL-PDH-NS BRN 11k

1:20 PM:
Expected a move till lower extreme, but NF moving towards DH again.
Will see if decisive BO happen this time. Will only take Long if BO happen in both NF and NS

2:45 PM:
I was waiting for BO above DH, BOF happened. Skipped trading short, also move was sharp.

2:50 PM:
Closing the day as not expecting any fresh trades now

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