Wednesday, 7 May 2014

07052014



Nifty opened below PDC but within previous day closing range.  Bias was slightly negative. Next candle tried to go above DO and PDC but failed. Then made three more attempts to break DO but failed. So was looking for a trade on short side.
1) BO of PDL. Short below the day's low. Made a profit of 10 points.
2) BO of Range low/BRN. Made profit of 25 points.

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