Nifty : 21 - Nov - 2019

Nifty : 18 - Nov - 2019

BNF : 27 - Jul - 2018 (-6)

Today is surprising day for me, on the uptrend day i traded 2 longs still ended in RED.

Gap up in NF and BNF, traded in BNF today.
took BPB of PDH long with 5 lots, but prolonged sideways move with muted volumes makes me to loose focus. moved SL to cost price and exited.

later at fagend by 3PM, it broke out. took 5 lots expecting short covering take place and also banknifty not matching to nifty move. this also failed.

Ponts earned : -6  (adjusted to 10 nifty lots)

Nifty : 18 - Sep - 2017 (0)

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: 17 - Aug - 2017 (+2)

Nifty : 07 - Aug - 2017 (No Trades)

Nifty : 18 - Jul - 2017 (No Trades)

Nifty - Market Commentary

9:50 AM: Counter Trend gap down, but price recovered from DO itself and reached BRN now… as long as PDL not concurred, bias is down

11:15 AM: Didn’t get opportunity to short, as price reversed from BRN itself, without giving proper setup. Now price took support at 3 days low, 9858.

11:20 AM: Not expecting V shape reversal now, probably another failed attempt to break DL is good opportunity to long

13:27 PM: Waited for BOF signal of DL, but price gave TST and reversing

14:50 PM: I was waiting for PA at DH or PDL. Without giving any chance, nifty sold off.

15:30 PM: Disappointing day, price moved well in both directions... couldn’t make any entry

Nifty : 17 - Jul - 2017 (-6)

Nifty - Market Commentary

9:55 AM:  9928-9906 is the range formed above PDH, so far. Will look for BOF of RL or PDH

13:10 PM: Adjusted RH to 9923 as price resisted couple of times at this level, we may get BPB long opportunity

14:07 PM: Trade 1 – BPB of RH long at 9930 with Initial SL 9922, FTA RN 20 points away.

14:31 PM: Moved SL to 9926, low made before broking out

14:40 PM: Exited with loss of 6 points

14:50 PM: Bad luck, price moved after taking me out. Done for today.

Points earned:  -6

13 - Jul - 2017 (No Trades)

Nifty - Market Commentary

9:55 AM: Trend gap up; will look for BOF of RL long

12:00 PM: Avoiding BOF long signal, due to space

12:55 PM: Extended range to DL

14:30 PM: BOF of RH/DH signal, but swing low formed almost in middle of day’s range. Not work of risk. Avoiding

05 - Jul - 2017 (No Trades)