Showing posts with label NarrowRange. Show all posts
Showing posts with label NarrowRange. Show all posts
Wednesday, January 1, 2020
Monday, December 2, 2019
Tuesday, April 2, 2019
Thursday, December 21, 2017
Thursday, November 2, 2017
Nifty : 02 - Nov - 2017 (-3)
Market Commentary:
9:40 AM : NF opened with in yesterday’s range.. Below PDC and PDH.. attempted to go above IRH, failed to continue.. Below IRL (10448), 40 points Fluid is there. BPB or BO can be attempted.
10:09 AM : NF broke IRH, TST to PDC.. pulled back till IRH (10465) .. BPB of PDC long is good attempt as price moving from lower range to upper (yesterday’s closing range) and PDH is 13 points away.. Enough space to scratch if trade did not work.. On contrary, if price moved back into IR.. a direct BO below DL / IRL is good short attempt considering trapped longs above IRH.
10:33 AM : Cancelled order as price back into IR.. and no momentum seen. Away till price move above PDC Or near to DL
12:03 PM : Trade 1 - BO of IRL short at 10446 with Initial SL 10352
12:30 PM : Moved SL to 10447, as 2nd push failed to move NF further down
12:39 PM : Exited with loss of 3 points
13:58 PM : Waiting for PA at range extremes now.. DH, DL.
Friday, October 6, 2017
Nifty : 06 - Oct - 2017 (No Trades)
Market Commentary:
9:34 AM :IR (9950-9928) formed with yesterday’s range again. Any directional move only after crossing PDH/PDL. Let's see PA after break of IR. As of now bias is bullish, and looking for BPB of IRH or BOF of IRL long
10:00 AM : NF broke IR and PDH with force, littile PB didn’t allow me for entry. Difficult to catch this kind of straight line moves.. Will wait for price to move till PDH or forming a range here. It seems day is going to be trend day
12:03 PM : 9968-9990 is the range formed above PDH; will look for a BOF of RL long with stop below PDH
14:02 PM : Price attempted to go above range formed.. Did a BOF and sharp fall to RL.. it's a bit confusing now to attempt any longs. Will wait for some time if price reaches RL or PDH again and gets rejected
14:12 PM : On contrary, if price breaks and sustain below PDH.. a short can be attempted
14:52 PM : Time Up;
Tuesday, October 3, 2017
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