Thursday, 13 August 2015

13082015


Today Nifty gaped up 35 points just above BRN, within yesterday's range.  Initial move was up about 40 points.  Was looking to short at BOF of PDH as it was very close, which did not happen.  Then around noon shorted on BPB of BRN.  Booked once it bounced after closing the gap. Then the upmove was straight up.  Later avoided trading at BRN as price seemed to be getting barbed wire. BOF of LOD/PDC came very late.

3 comments:

  1. That was a good read of the market today .... I keep forgetting these 'barbed wire' concepts and getting whipsawed left & right... Also niftynirvana(NN) was not being regular in updates off recently... ur updates in such periods give me a good feel of talking to someone , who is inline with my strategy( NN's Strategy) ... thanks for your updates

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  2. That was a good read of the market today .... I keep forgetting these 'barbed wire' concepts and getting whipsawed left & right... Also niftynirvana(NN) was not being regular in updates off recently... ur updates in such periods give me a good feel of talking to someone , who is inline with my strategy( NN's Strategy) ... thanks for your updates

    ReplyDelete
  3. Senthil

    Thanks for appreciating. For me, preparing the chart and putting the thoughts together takes some time. I have to prepare the chart using paint brush utility and then prepare the post. Sometimes due to time constraint I skip it. You can always put your queries here in comments section or email me at charttechnicals@gmail.com. I will try to help you out as much as I can.

    URD

    ReplyDelete