Thursday, 12 March 2015

12032015


Nifty today opened gap up and broke PDH on up side after an inside day yesterday.  It seemed there was no followup buying after the BO.  Shorted on what appeared to be a BOF ignoring the DO, BRN below.  It did not move well.  Had to scratch.  Then it remained in the narrow range, with DO, BRN, and PDH in between the range.  There was no reliable signal at the range extreme to trade.

4 comments:

  1. Hi Dave

    Good evening, Thanks for the chart.

    Raju

    ReplyDelete
  2. Thanks for the chart.
    Very boring day.. I took few unnecessary trades but fortunately didn't loose any money.
    --TiZ--

    ReplyDelete
    Replies
    1. TIZ

      Only broker makes money on such kind of days. Once the range becomes apparent try to trade at the extremes only and avoid the levels in between. Sitting tight and waiting for the right signal is the key.

      URD

      Delete