Nifty : 28 - Aug - 2017 (+16)

Market Commentary:

9:36 AM - Trade 1 : BOF of PDH long at 9894 with Initial SL 9884, FTA BRN and DO near. Will scratch if didn't move in favour

10:10 AM: Moved SL to 9898, as price made a swing low and attempting to concur DH again

12:12 PM: Moved SL to 9914, below low of range BO candle

13:12 PM: Exited with gain of 18 points

14:08 PM: 2nd attempt push prices below BRN is failing, looking for BOF long entry

14:18 PM: Trade 2 : TST of BRN long at 9908 with Initial SL 9898, FTA 9920 12 points away, attempting with scratch mindset. (Trading with Half Quantity)

14:40 PM: Moved SL to 9905, below swing low made before price attempting to break 9920

14:55 PM: Exited with loss of 2 points; Done for today.

Points Earned ::  +16

Nifty : 23 - Aug - 2017 (No Trades)

Market Commentary:

9:40 AM : NF gapped above PDC / BRN.. sustained BRN so far. IR formed 9820-9800

9:46 AM: Above IRH, PDH at 9830, if price break and sustain PDH.. expecting good short covering rally; Contra view, if IRL broke.. Expecting PDC to hold.. Bulls may attempt a rescue after filling gap… If not, will wait for PA at PDL

10:14 AM: After TST to PDH, price reversed and back into IR again. Will have to see PA once it reaches IRL / BRN for any trade setup’s

10:15 AM: As long as BNS sustain above 24100 (PDH), no sharp fall expected in nifty as well. BN will hold nifty.

11:54 AM: Drawn newer small range 9820-10

12:35 PM: Not convinced with PA to enter short as price gave TST kind of setup at PDH, while bias is bullish. To trap longs, good BOF setup is required

13:28 PM: Waiting for PA at PDH/BRN.. Also DH/DL

14:24 PM: Badluck, was away from desk. Missed BOF of BRN/DL signal which i waited to trade all the day. Need to explore option of getting price alerts my SMS.