Good morning
Today's JN SAR - 5366 Day's Pivot 5564
SS lines are near over bought zone. As JN SAR is in buy mode, I am waiting for Positive cross over.
Today RBI decision - so will not trade till decision is out - even on positive cross over.
Last 4-5 times my stop loss is hit when I took position before major news / result announcement. So from now on wards will not take any position before important announcement.
10:00 Positive cross over seen in 30 mnts. chart.
10:30 SS lines are coming near to give positive cross over in 60 mnts. charts.
10:45 SS lines are overlapping to give positive cross over in 60 mnts. charts.
10:50 SS positive cross over seen @ 5642 - as policy announcement is there, I am not taking any position. Looking at options data - it is highly likely to make positive effect on market. But still in view of last stop loss hits I am letting go this cross over.
RBI's decision out - Nifty future made a low of 5616, my stop loss of standard 20 points would have been hit, If I had taken long.
11:32 Negative cross over seen in 60 mnts. chart.
1:05 Positive cross over seen in 30 mnts. chart., I will take position if positive cross over is seen in 60 mnts. chart.
2:00 Positive cross over seen (due to passing of time) Will wait for 5-10 mnts. and take position
2:05 Bought 1 lot minifty @ 5629 sl 5599 (day's low is 5594 so put stop loss @ 30 points)
2:50 Price is still trading near my purchase rate. Trailed sl to 5609
3:20 Now trading @ 5616. If stop loss not triggered I will carry this for tomorrow.
As per some seniors in JN blog there is -ve divergence in Bank Nifty Future RSI.
Today's JN SAR - 5366 Day's Pivot 5564
SS lines are near over bought zone. As JN SAR is in buy mode, I am waiting for Positive cross over.
Today RBI decision - so will not trade till decision is out - even on positive cross over.
Last 4-5 times my stop loss is hit when I took position before major news / result announcement. So from now on wards will not take any position before important announcement.
10:00 Positive cross over seen in 30 mnts. chart.
10:30 SS lines are coming near to give positive cross over in 60 mnts. charts.
10:45 SS lines are overlapping to give positive cross over in 60 mnts. charts.
10:50 SS positive cross over seen @ 5642 - as policy announcement is there, I am not taking any position. Looking at options data - it is highly likely to make positive effect on market. But still in view of last stop loss hits I am letting go this cross over.
RBI's decision out - Nifty future made a low of 5616, my stop loss of standard 20 points would have been hit, If I had taken long.
11:32 Negative cross over seen in 60 mnts. chart.
1:05 Positive cross over seen in 30 mnts. chart., I will take position if positive cross over is seen in 60 mnts. chart.
2:00 Positive cross over seen (due to passing of time) Will wait for 5-10 mnts. and take position
2:05 Bought 1 lot minifty @ 5629 sl 5599 (day's low is 5594 so put stop loss @ 30 points)
2:50 Price is still trading near my purchase rate. Trailed sl to 5609
3:20 Now trading @ 5616. If stop loss not triggered I will carry this for tomorrow.
As per some seniors in JN blog there is -ve divergence in Bank Nifty Future RSI.
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