Nifty : 09 - Sep - 2017 (-4)

Nifty : 07 - Sep - 2017 (-15)

Market Commentary:

9:29 AM : Gap up and price resisted at 2 day’s high 9982. Will see if range forms and look for BOF of RL signal as long as price sustain above PDH

9:35 AM : IR - 9982-58.

               

9:40 AM : Potential Trades :

Staying above 9955 (PDH) → 9982 (IRH / DH) , 10K (BRN), 10015 (SR)

Staying below 9955 (PDH) → 9944 (VAH / PDC), 9932 (POC / VWAP), 9920 (VAL), 9910(PDL)

11:30 pm : Trade 1 : BPB of PDH short at 9952 with Initial SL 9960, FTA 8 points away. Will have to scratch if doesn't move.

11:35 PM: Exited with loss of 10 points

12:20 PM : Seems nifty forming BW around PDH; will stay away till better signal visible

13:35 PM : Drawn BW as range now. Will see PA after broking range on either side

13:55 PM : Trade 2 : BPB of range high long at 9965 with Initial SL 9957, FTA DH 17 points away. Placed order when price respected Intra VWAP and forming high close bull candle with lower tail.

14:10 PM : Exited with loss of 5 points (scratched below VWAP and after seeing price rejected from earlier swing)

14: 22 PM : 2 SL’s in a row. Done for today.

Points Earned :: -15

Bank Nifty : 21 - Jul - 2017 (+2)