Opened and trading w/in yesterday Single Print . 5420-5440
If rotates in same zone of 5420-5440 , we can see failure near previous days High.

..

completed a small long....didnt spurted up.

Nett result of day = +5 Pts after comm.





Rejection from yday high...perhaps make chances of revisit between zone 1 and 2....but it still can maintain bullish bias on larger structure.

Higher opening has again stirr the situation. Watching 5436 level.

Took a long near 5446

Got out @ 5456.

Its logic was very simple - "what you are doing in prohibited zone ( of earlier rejected ) "

Today seems a kind of trappers day - Once day low gone and then 5436....zone 1 and 2 will be active.
Just watching.

Nett result of day = +8 Pts after comm.


After first Long...though it was crouching up....but that was not luring me any more. At once some creek bars coupled with 2B Top in rectangle attracted attention for short...but time wise it hold me not to act.

After sell-off it has been always finding some demand to bounce off. Four step structure already running on small scale and also on large scale ( which was discussed here ) - both of them have common upper 2nd SD projection in 5470-90, which is still not achieved. Smaller four step is sort of p-shape so far, hence today's high ( 5463 ) might well fit as upper 2nd SD for it.
Overall, though it sold off , but not sufficient to turn bias down. I am interested to see how this unfold next...and how if it goes especially to zone 2. Till more information pour in, i will continue to look for long..otherwise depending upon short term momentum.