Thursday, 8 May 2014

08052014

Today's First Trade


Nifty gaped up above PDC and IR formed.  Filled the gap and took support at PDC.
1) BOF of IRL/PDC LOL. Here space was a problem, BRN was just 10 points away.  Took the chance, moved as expected to BRN, tried to break IRH.  Covered when it came back into the range. Made 15 points.

Update @ end of day



2) BOF of PDL/PDC.  Went long above MSP, thought PP and critical mass would help.  Did not move as expected.  Covered at 10 points loss.

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