Nifty : 07 - Nov -2019

Nifty : 05 - Oct - 2017 (-8)

Market Commentary:

9:24 AM : Day trend Up; NF opened with in yesterday’s closing range , 9947-54 is resistance zone.. Above which bulls may rule.. Will wait for IR formation and breakout from IR

9:30 AM : 9942-9925 is the IR; bias is Up so far.. Will look for BOF of IRL signal (Or) PA at PDH

10:10 AM : NF broke IR and immediately PDH, with no PB shooted 10 points.. And reversed till PDH with same force now

10:33 AM : Missed to take BPB of short signal as price dropped before i punch order; i should be ready with order form well ahead.

12:00 PM : MSP is at 9930, will look for PA here for next trade signal

12:14 PM : Price is struck in narrow range now. 9930-9911. 9930 is the MSP decides bias change, below 9911 bearishness continues… challenge is to get entry now.. BOF of PDH is good location.

13:50 PM : Trade 1 : BPB of MSP long at 9933 with Initial SL 9925, FTA PDH is 14 points away

14:10 PM : Exited at trial SL 9927, with loss of 8 points

14:40 PM : Not expecting any trades now; closing the day