Today Nifty opened about 20 points gap up above the yesterday's closing range and traded in the range as expected in the morning session.
1) BOF of Range Low. It did not move, scratched it at 2 points of loss.
2) BPB of Range High. Booked it when it refused to go beyond RN at 8 points profit.
My name is Uday Dave. I am a full-time day trader, blogger and day trading educator. I mainly day trade Nifty, Bank Nifty, stocks and stock options and in the evening if I get time I trade MCX Crude Oil, Nickel and Silver using a 3-minute candlestick chart with Decision Point Trading System and price action trading methods. My only aim is to capture small moves, i.e. 20 to 25 points in Nifty and around 50 points in Bank Nifty daily.
I started this blog in year 2012 to record my trades, observations, experiences and to share them with other aspiring traders. I hope with all your support I will be able to continue to maintain this blog and improve further.