Nifty : 30 - Oct - 2019

Nifty : 28 - May - 2019

Nifty & TCS : 14 - Nov - 2017 (-11)

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

Nifty : 19 - Jul - 2017 (-1)

Nifty - Market Commentary

10:05 AM: After reversal day, yesterday, nifty gapped up and sustained so far. IR (9883-9866) formed with in yesterday zone. Above IRH, 9895-9905 is resistance zone. Below IRL, 30 points slide possible.

10:55 AM: Trade 1 – BOF of IRH short at 9878 with Initial SL 9885, FTA DL/IRL 12 points away… will scratch price reverses from FTA

11:30 AM: Exited with loss of 9 points

12:13 PM: Price moving in a channel now, drawn it. My earlier trade looks mediocre now, after channel is emerged

12:20 PM: Channel’s upper boundary is close to resistance zone drawn in morning (9895-9905), let’s see PA here.

13:55 PM: Price gave TST to 9895 and broke channel on downside; not comfortable with PA so far… watching sidelined. Looking for PA once price reached zone of 9895-9905

14:55 PM: Trade 2 – BPB of PDH long at 9908 with Initial SL 9898, expecting short covering to cover yesterday’s Gap

14:58 PM: Moved SL to 9904, below BO candle low

15:09 PM: Moved SL t0 9911, below PB low

15:20 PM: Auto squared off at 9918; exited with gain of 8 points

Points earned:  -1