NS opened without gap. Nifty Future’s premium made it look
like gap. So, NS has to be checked for deciding Market bias. Today there was no bias, whatsoever.
BRN Spot 6100 resisted the upmove and caused a BOF. Didn’t take it, as FTA in the form of swing pivot was too closely located above IRL..
Next signal was BOF at IRL/BRN. Placed SL buy order above
pinbar, after seeing the huge volume.
Surprised to see a big Bearish candle after pinbar. Price was hovering below DP, gave an impression that price is being accepted below DP and that BOF failed.
Hence placed a SL sell order below the low of engulfing candle. But price went
back into the IR. Thought that there is no clear imbalance between buys and
sells and stayed out, after cancelling all the orders. Price hovered above IRL for an hour, before
crawling its way to IRH.
After 2 TSTs of IRH, textbook BOF presented an opportunity. Grabbed it and got 21 points. Another textbook BOF again at Day Low. Didn’t
take it as it was already 2.40PM.
When the Account is in profit, all signals can be boldly
taken. Next week, first take a few high
probability trades, so that there is not much loss and some profit. Then take
all the trades, that come along the way. At the end of the week, there must not
be any loss.
Sir,
ReplyDeleteVery good analysis. I am a follower of ST Sir of Niftynirvana.blogspot.in and now yours.Keep up your good work.
Thanks.
dushmantdas
Hi, Dushmantdas,
ReplyDeleteNo need to call me Sir. Just call me Karthikeyan. Thanks for your comments.
Thanks for following my blog. I would like to inform you that I am a new trader. So there is a very strong chance for my views to be absolutely wrong. Please follow the guidelines of only Rajeshji of Nifty Nirvava.
We can discuss and get to know the views of each other so that, we become better traders at the earliest. So, I look forward to see your comments on a regular basis.
Request you also to start a blog and post your trades there. People like me can have a look, post our comments and learn something.
Have a great weekend.
Thanks. S.Karthikeyan
Hi Karthikeyan,
ReplyDeleteGood trade today :)
Thanks,
Mahesh
Hi Mahesh,
DeleteYes it was. What about you?
Wish you great trading tomorrow.
S.Karthikeyan
Hi Karthikeyan,
DeleteEven i took 4 trades...with mixed result..the screenshot i saved in my office computer..will post tomorrow...
Thanks,
Mahesh