June 15, 2018

NIFTY intraday 15-JUN-2018

- Sell signal on kplswing indicator
- ignored this as close was near the highs and
- very good support around 10775 F




- Hourly hi lo strategy
- sell signal on first bar as markets opened below last hour low
- ignored this as close was near the highs and
- very good support around 10775 F

- buy signal @ 10.05am
- ignored this as close was near low of the candlestick and
- the signal came near resistance (10835 F)



So not doing anything now

15 min charts:
- show good support at 10775 F and resistance at 10835F



12.15 update
- buy signal at 11.10 am on kplswing indicator
- ignored as close was near low and
- signal occurred near resistance 10835 F

- sell signal at 12.10 pm on kplswing indicator
- ignoring it as market is rangebound

Price action traders would have made good money today



1.30pm
- short on break of 10775 F
- hourly swing short trade was on break of 10800 F
- price action traders would be short from 10830 F

- resistance 10775F



2.30 pm
- trailing SL hit

- note short trade was badly managed.



3.10pm
- another buy signal
- did not trade this
- price action traders would have bought around 10750 today

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