28-August 2020

Pre-Market View

Nifty is in uptrend for last 4-5 trading session, therefore my daily trend view  is also on upside.Long above PDH (PBP) or BO. If it gap down at open, will wait for the rejection at the lower level. Will take BOF of PDL or RL. There is also chance of range bound or consolidation. If range bound, will trade BOF of RL and RH.

Market Commentary

As expected, market opened above PDC and crossed PDH. Broke the rule and took the trade at pullback and paid the price. My plan was to take trade at the rejection of lower level but missed BOF of PDH and BRN. Took the 2nd trade at BPB of RH. Moved well. 3rd opportunity was also there at BOF of flip but did not take.