Friday, 31 July 2015

31072015


Today I could trade so thought about posting the chart.  Nifty in the morning traded in the range after breaking PDH BRN.  There was a BOF of DO but hesitated to go long because of PDH above.  Waited for one of the range extremes to test.  Then it broke the range high.  Again avoided going long on BPB of HOD then as I felt risk was too much.  Waited for it to consolidate.  As expected it consolidated in the noon.  As soon as I came back from the lunch around 1 p.m. it seemed like it was not able to break the consolidation low.  Went long here at 8535.  It moved well.  Covered it at 8570.  Later there was a TRAP pattern.  I wanted to go long around 8550.  Trade did not trigger.  Missed the last move up.

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