Nifty today opened with inside 23 points gap up after a big down day yesterday. As expected it traded in 30 points range before breaking down PDL. There was a Pressure Play kind of setup at IRL but avoided it because of PDL being very close to it. Then there was a BOF of PDL.
1) BOF of PDL. Entered when it came back into the range. It moved well. Booked at 32 points on FTC.
Then there was a complex pullback trapping the longs. It was also a pattern failure.
2) TRAP. I took this trade though I was less confident as there were two prominent barriers, Monday's low and NS 7800. It tested my patience a lot and took its time to move but finally moved. Booked at 24 points when it could not sustain above RN 7850.
Missed the final down move.