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.

http://2.bp.blogspot.com/-EWVFz3QHF_k/VneFuzg98YI/AAAAAAAABdA/t-MFf157GKc/s1600/211215_1.jpg

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,

http://4.bp.blogspot.com/-uGlaW9BX82Q/VneHLaoLIzI/AAAAAAAABdM/qkxdWH6L7n0/s1600/211215_2.jpg

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

1 comment: