Market Commentary:
PreMarket :- Last 5 days range is 9942-9785
Case 1 : Staying above BRN - 9900 (Or) PDC - 9880 .. NF attempts PDH 9918
Case 2 : Staying above PDH 9918 .. NF attempts SR - 9942
Case 3 : Staying above PDL 9847.. NF attempts PDC - 9880, BRN - 9900, PDH - 9918
Case 4 : Staying below below PDH 9918.. NF attempts BRN - 9900, PDC - 9880, PDL 9847
Case 5 : Staying below PDL 9847.. NF attempts BRN - 9800, SS - 9785
Let's see where DO happen and IR forms… based on which case play out.. Trade location, Pattern, Entry will be decided.
9:35 AM : None of Pre-Market case validated. DO is near to PDC and IR 9890-9868 formed with in Yesterday’s closing range 9917-9880 (PDH-PDC)
9:39 AM : BOF of DO/IRL signal, but less space and very early to attempt. Will wait for price to consolidate and give clean signal
10:22 AM : Adjusted IR to 9890-9866, after price making small wicks below 9868
10:56 AM : Discarded IR and drawn channel
12:15 PM : Waited for price to reach PDL, but sudden reversal and price gone above DH
12:48 PM : TST to BRN and price stalled now, break below swing low 9887 may offer sharp fall
13:05 PM : Trade 1 : BOF of RH and TST of BRN short at 9887 with Initial SL 9895, 25 points fluid
13:50 PM : Exited with gain of 7 points
14:05 PM : Closing the day now, dont wanna trade expiry moves now
Points Earned :: +7
