Showing posts with label Immature Entries. Show all posts
Showing posts with label Immature Entries. Show all posts

Tuesday, September 5, 2017

Nifty : 05 - Sep - 2017 (-4)


Market Commentary:


9:29 AM : Small gapup, DO is at closing RH 9940 and price sustained above DO and crossed VAH - 9945


10:05 AM : Price struck in narrow range now 9968-58.


10:28 AM : Trade 1 : BOF of Narrow range long at 9960 with Initial SL at 9952 (below VWAP and PB low). Entered half quantity only, will add more once NF sustain above DH


10:35 AM : 9975 NF / 9950 NS are levels acted as flip before fall in yesterday session. Will look to add more position if price sustain above


11:30 AM : Exited with loss of 4 points


11:35 AM : Extended range as 9968-52. Bias is bullish as range formed above yesterday closing range, PDC, DO. Will see if BOF of RL signal comes and look for entry above VWAP


12:19 PM : NF moved in reverse direction; sharp fall after breaking 9950. Moved till PDC/POC as of now


13:05 PM : Placed short order at 9943 as TST/FTC of 9950 level, which was earlier narrow range’s low which produced sharp fall.. Now acting as resistance. Placed order entry below Intra VWAP


13:20 PM : Cancelled order as price back into morning’s range


15:05 PM : Closing the day;

Points Earned :: - 4