Tuesday, January 23, 2018

Nifty : 23 - Jan - 2018 (+56)



Market Commentary:


9:20 AM : DO above PDH and price sustaining above 11K
9:30 AM : Trade 1 :- BPB of BRN long at 11012 with Initial SL at 10998
9:53 AM : Moved SL to 11009 below swing low
10:21 AM : Moved SL to 11018, below swing low. Swing lows well respected so far.
Today going to be trend day?
11:03 AM : Moved SL to 11028, below low of consolidation range. If stop triggere...
Will look for long opportunity around MSP (VWAP as well at same price right now)
11:58 AM : Moved SL to 11037, below low of recent swing low leads to BO of congestion zone
12:07 PM : Moved SL to 11040, below low of BO candle
12:18 PM : Moved SL to 11047, below recent swing low after new high made
12:37 PM : Moved SL to 11060, most recent PB low
12:45 PM : Moved SL to 11070, price seems to be reversing.. Don't wanna give back more
12:54 PM : Exited with gain of 56 points
2:02 PM : Trade 2 :- BOF of MSP long at 11063 with Initial SL 11040;
trading with half of usual quantity as SL is big. Will add remaining position above DH
2:30 PM : Moved SL to 11047, below MSP
2:46 PM : Moved SL to 11065, break even.. Price approaching DH.. won’t add new position now..
Its already 3 PM
2:53 PM : Exited at cost



Points Earned : +56