Monday, 21 December 2015

Nifty Future 21122015

Today got some free time, so decided to trade.  I posted the following chart in the morning on my option blog.

To followup on yesterday's video on OSM, I am posting this chart which captures the price move few minutes after the open.  As you can notice, as marked OSM acted as good support.  Now with that information and a small gap that got filled, we can look to buy above PDL as BOF of PDL if it so happens.

Fortunately, I did give an opportunity to go long.  Marked on the chart,

 Target was PDH but it started consolidating before touching PDH and I booked it out.
Done for the day.

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