Dt: 03-07-25

Nifty commentary

Looks like it will form a range between 25,300-25,600 and there will be whipsaws, trading in the middle of this range.

15min

Lack of follow through to the downside after yesterday's move. After today's move and close the scope to trade either side remains muted as the r:r isn't great considering the current structure.

3min

I was hoping for a short trade expecting a rejection from the lower boundary. However, price rejected twice once after the open and once more after closing briefly below it. Though there was no meaningful upside trade, however one upside trade was taken after the second rejection below the boundary lows. it was for a minor profit. During the second half, one more follow through trade was taken after price closed below lower boundary. Previous to that, there was a SL hunting move done to the upside attracting more buyers, whose SLs were taken below the lower boundary. This was also for a minor profit. Next trades with good r:r would only be around 25,300 or 25,600, unless we see any compression in between this range, which can then be traded as well, if opportunity presents.

#For education purpose only

 Dt: 02-07-25

Nifty Commentary

Hourly

EMA 21 didn't hold. Now the pull back to 25,300-25,200 is expected. Price didn't hold 25,600 and broke the consolidation low at EMA 21 in the follow through candle. For now, bias is towards short side.

15min

Failure to break on the upside provided an opportunity in the short side today.

3min

 

There was a short trade after a failure to take out PDH and BRN which was also the range high. Now the price has retraced towards breakout area. Any rejection from here would continue to make LH/LL towards 25,300.

#For education purpose only

 Dt: 01-07-25

Nifty Commentary

Hourly

Currently EMA is holding the price. The trend is up. However, unless the price closes and consolidates above 25,600, there isn't a good r:r for the long side. Downside has a good r:r although that would be counter trend, so exit has to be quick.

15min

Currently it is within a range. Trigger on break out or failure to break on either side. However, breakout to the upside have a limited space to move.

3min

I was expecting a long opportunity from yesterday's lows. However, after a gap open, it quickly tagged 25,600, thereby denying long opportunity. It was then expected to be an inside day as it couldn't tag yesterday's low or close despite failure from the top. One more session inside this range would be a recipe for a good move thereafter.

#For education purpose only 

Thus begins my virtual diary of market gibberish. Feeling good!

 Dt: 30-06-25

Nifty commentary

Hourly

On hourly, there is a good supply coming from the confluence of previous GAP & PWH. After a long run, it was due for a pullback and is currently at the EMA Support. A close below today's low might take it to the next support around 25,300. Bias is long.

15min

Staying above the blue line is a long opportunity. Failure to cross 25,600 could trigger a deeper pullback to 25,300.

3min

Long bias on staying above 25,500. Hopefully we get an entry tomorrow.

#For education purpose only.