Today Nifty opened 50 points CT full gap down. It seemed like first three candles made initial range.
1) BPB of IRH. It did not move well. Had to scratch it at breakeven as it did not seem to be going up.
Then Nifty remained in the narrow range for almost 3 hours.
2) BO of Range High. There was a minor BOF at other range extreme which gave confidence to go for direct BO though there was a BRN very close. It moved remarkably well breaking all DPs. Booked at 67 points of profit when it came back below PDH.