Today Nifty opened at PDL. First candle tried to break it but failed. Initial move was up.
1) BOF of PDL. After a minor break of PDL there was an initial up move, then a pause for two candles. Took a chance and went long above it. Then to a big surprise it broke all the DPs on up side and shot up like
a rocket. Decided to trail it. There was no sign of weakness at any point till it reached the gap created on Monday. Booked it there. Profit of 142 points.