Market Commentary:
9:45 AM: NF opened with in yesterday’s closing range. IR (9998-9980) formed. One attempt to break IRL is failed, as long as DL is protected bias is up. Looking for PA at IRL/DL (Or) after breaking PDC / BRN – 10k.
10:25
AM: Waited for BOF of RL/DL signal, but price broke and moving in lower highs
lower lows fashion. Let’s see how price behaves at PDL now
11:18
AM: Range formed now 9974-9962. Bullish momentum only after crossing earlier
swing high 9991.
11:58
AM: Sharp fall and PDL broke with spike, no signal to enter. Will see if any
pull back to PDL and possible entry
12:30
PM: 9885 may act as a flip now... Seeing from last 4-5 days PA there.
12:35
PM: Avoiding BOF of BRN signal as counter trend and Initial SL is 20 points
