Thursday, May 18, 2017

18 - May - 2017 (Nifty)



Market Commentary
9:35 AM: Gap down, but price recovered fast till PDL/BRN now

10:05 AM: Missed nice fall, as I hesitated in taking BOF short at PDL/BRN. Will wait for range formation and look to sell RH short (or) look for long opportunity if price settles above PDL/BRN in later part of day.

13:55 PM: Price approaching DL through channel formation


14:36 PM: Placed BOF of RL/DL long as risk is within limits, but market choose to go in downwards direction only. Cancelled ordered now.