Nifty & BHARTIAIRTL : 30 - Jan - 2018 (-19)

NIFTY -- BW around PDL spoiled the day




BHARTIAIRTL

Nifty : 08 - Nov - 2017 (No Trades)

Nifty : 27 - Oct - 2017 (-7)

Market Commentary:

9:30 AM - NF opened above PDH, but not sustained. IR formed (10378-10355)

Placed short order at 10354 as BPB of PDH, 30 points fluid below.

9:57 AM - NF rejected from IRH and below PDH now.

10:15 AM - Not breached DL/IRL.. Price struck in small range now. Break below DL seems good short entry as fluid below. On contrary, Bullish momentum only above DH

10:30 AM -  Placed 2 orders, long above DH.. Short below DL.. I wish short triggers, due to30 points fluid below

11:16 AM - Trade 1 : BO of IRL/PDC at 10354 with Initial SL at 10361

11:28 AM - Moved SL to 10359, as no sharp fall happened

11:31 AM - Exited with loss of 7 points

14:11 PM - Price moving in channel… not comfortable at all. Closing the day