Friday, April 29, 2016

29 - 04 - 2016 (Nifty)


[09:24] Day trend DOWN; NF opened at PDL; unable to move further and broke structural support (picked from hour chart) 7869
[09:45] Waited for BOF of Structural Support signal; no PB happened, price zoomed above PDL and BRN ; now will wait for some range formation
[10:39] BOF of PDL long signal; avoiding as BRN just few points away and also expecting range move as yesterday was good trend day
[12:45] Removed BRN and PDL as DP's, price moved back and forth
[12:51] Drawn range 7933-7874; will look to short failed attempts to break RL
[14:42] Couple of TST to RL and reversal so far
[14:53] Price strongly rejected from 7869 couple of times, which is nothing about our SS which i ignored after range formation. However i observed good trade opportunities comes when SS coincide with range extremes, just like how our DP's work.
[15:12] Price broke into upper range with force, no time for fresh trade even if sell off happen from here. So, Done for Today


Net: 0