Nifty : 17 - Sep - 2019

NF & BNF : 24 - Aug- 2018 (-12)

NF opened with in PDR,, moved up from open .. resisted at 11605 level (pre market resistance line)
couldn't catch down move as my bias is upside at that point
took short at 11549 (10 lots) as direct BO below 2 day low
Stopped out with loss of 8 points
Will wait for PA at DH now


Points earned (adjusted to 10 nifty lots) : -9

BNF opened below PDL and quickly moved upside
later it reversed in same speed
direct BO below DL is good attempt, but i hesitated and took short as BPB of then DL
over managed and exited with 10 point loss.. (reason.. BNF stopped exactly after filling gap created on 17th Aug)
but this moved later well.
Will wait for PA in zone of 27825-35 or around PDL now




Pointes earned (adjusted to 10 nifty lots) : -3

Nifty : 24 - Jul - 2018 (-2)

Nifty : 24 - Apr - 2018 (0)

NF opened with in yesterday range and traded in 20 points almost half day.. BOF of RL happened.
Ignored long as space is very less, Took direct BO of RH/BRN... scratched at cost as not comfortable with the way it is chopping. Thought of attempting BPB of PDH, but PA not convincing.
BNF not in sync with Nifty. Moves are choppy.

Nifty : 26 - Feb - 2018 (+0)

Immature Exit resulted boring day later

Nifty & Hind Petro : 27 - Nov - 2017 (-12)

Nifty : 17 - Oct - 2017 (-14)

Lession:

2nd Trade not moved away from PDH quickly as expected and ranged at same location for nearly 2 hours, premise to hold is no more valid.. should have scratched and traded BOF of PDH ... As i hanged with wrong position, missed to trade right signal.

Nifty : 19 - Sep - 2017 (-4)

Nifty : 30 - Aug - 2017 (-9)

Market Commentary:

9:45 AM : Gap up and price not sustained PDH, placed BOF of PDH order at 9874

10:22 AM : Trade 1 : BOF of PDH short at 9874 with Initial SL 9886, FTA 9864 10 points away. Attempting with half of usual trade quantity as price oscillating around PDH for quite some time

11:05 AM : Moved SL to 9890, above day DH. Can afford this 16 points SL  as i entered with half quantity

11:25 AM : Exited with loss of 9 points

11:37 AM : PDH not yet cracked in NS.. and no momentum seen after NF crossing DH

will attempt if  BOF of DH short signal comes, again with half quantity

13:05 PM : 9917-9900 is new narrow range developed; will see PA after breaking RL/BRN

14:00 PM : Not comfortable with very narrow moves. Calling it a day.

Points Earned ::  -9

Nifty : 21 - Aug - 2017 (+26)

Nifty : 16 - Aug - 2017 (-17)