Wednesday, April 18, 2018

Nifty : 18 - Apr - 2018 (-21)




9:23 AM - After yesterday’s strength move,, nifty opened above PDH but failed to sustain.
BNF correcting fast.


9:45 AM - Trade 1 : BPB of PDH Short at 10556 with Initial SL 10570, FTA PDC is very near.
But will attempt with scratch mindset (took with half quantity)


9:56 AM - Price moved sharply from PDC/RN … now almost near to SL.. will not scratch.
Let the SL hit, which also invalidated LH-LL formation


10:23 AM - Exited with loss of 16 points


11:27 AM - Removed PDH as DP from chart, as more than 2 swings made up and down around it.
It lost relevance. Now i monitor PA at DH/DL. Sustaining above DH bullish, below DL bearish.


13:55 PM - Trade 2 : BPB of DH Long took at 10592, Stop it very fast at 10581. 13 point loss

15:00 PM - Thought of attempting BPB of DL… but seeing PA not convinced.
First instance it moved with pin bar formation, seems like buying emerging..
Later it moved straight dive.