Nifty : 01 - Apr - 2019

Nifty : 07 - Mar - 2019

Market Commentary

9:45 AM :  

NF opened gap up and DO=DH

I was expecting a long and break through earlier peak, but selling from opening time
forced to change view now

Placed BOF of PDH/BRN Short order below DL

Long bias only after crossing DO=DH as of now

If price choose to form range before making any move. Will wait on sidelines

9:56 AM :

Now range forming, will keep my buy order for PUT active till NF move beyond 11089
(PB high after making DL in 3rd candle)

10:06 AM:

Cancelled PUT buy order

Now i will wait for PA at extremes,, DH/DL or IR.

Let the market tell us what to do next.. Will it break out of range and ask us to trade in direction of BO
or it will tell us to fade extremes and do range play. Lets see!

11:20 AM:

NF attempted to break DL, but failed to sustain.

Will see PA once it crossed PDH (also smaller RH), if a long possible above 11100 with FTA DH,,
can take it. Will decide depend on how price approach there.

1:13 PM:

Attempted short below RL, when price seems to be sustaining below the level which
it took support for longer time.

But it failed to move, scratched.

Now, will wait for PA at PDL-11100 zone

So, today is seller’s day.

14:50

As per above plan, took CE once price accepted above PDH-BRN,
added more once it got accepted above DH.. but it failed to move further. Exited with loss.

Nifty : 06 - Jul - 2018 (-10)

Nifty : 12 - Mar - 2018 (0)

Nifty : 29 - Aug - 2017 (-6)

Market Commentary:

9:45 AM : NF gap down below PDL and sustained. IRL broke on upside again. A bit confusing to take any action. Will wait for PB till PDL

9:50 AM : Below 9850, good fluid. But no entry for short yet

10:15 AM : Hesitated in taking BPB of 9850 signal, as price seems to be making channel move downside.

11:05 AM : 9834-47 is range formed. Will wait for PA at 9850 for next signal, bias is down side

11:20 AM : BOF of DL signal came, waited for swing high formation for confirmation, being counter trend. Not happened. Now i can only wait for PA at 9850

11:45 AM : Trade 1 : PP long at 9852 with Initial SL 9842, FTA 9862 which is swing high made earlier.

12:33 PM : Exited with loss of 6 points

12:48 PM : Skipped BPB of DL short signal as not convinced with pin bar formed while breaking DL.

14:15 PM : Missed short boat today, not expecting any trades now. Done.

Points Earned ::  -6

Nifty : 21 - Jul - 2017 (No Trades)

Nifty : 20 - Jul - 2017 (+8)

04 - Jul - 2017 (-14)

Market Commentary

9:34 PM: Price opened near PDC, attempted PDH…gave BPB of PDC signal, ignored as I am expecting some range formation or consolidation before any decisive move. we have seen good trend day yesterday.

9:38 AM: IR (9638-17) formed with in PDH/PRL, coinciding with closing range. bullish bias above PDH/IRH.

9:50 AM: Trade 1 – BPB of PDH / IRH long at 9638 with Initial SL 9628, FTA RN 12 points away. Will attempt as the signal is coming with trend and above PDH

10:00 AM: Moved SL to 9632, as PDH acted as support/flip during PB. To continue bullish bias, this level should hold

10:13 AM: Exited with loss of 8 points

10:25 AM: BOF of PDH short signal, ignored as price may be forming BW and I just had a hot. Need to take a break

11:30 AM: 9618-9600 is 2^nd range formed, below morning range 9643-18. Will look for good signals at lower range extreme now.

12:45 PM: Missed BOF of BRN signal as I was away from desk

14:12 PM: 3^rd attempt to break PDH seems to be failing, as 2 upper tails formed

14:20 PM: Trade 2 – BOF of PDH short at 9631 with Initial SL 9637, FTA swing low 9620 is 10 points away, will look to scratch if doesn’t work

14:40 PM: Moved SL to 9635, price refusing to go away from PDH

14:42 PM: Exited with loss of 6 points

14:45 PM: Done for today, as 2 SL hit.

Points earned:  -14