Monday, 11 January 2016

Nifty Future 11012016




There was a with-trend outside gap. Then it traded in a range for some time.  Took direct BO trade as marked, the reason being prices were just hanging close to DO/HOD then. Also the appearance of Bhole Shankar on TV gave confidence to enter long. Booked it around 7570. Later again took direct BO of HOD then.  Booked it at LOL. It seems Nifty has made a short term bottom today.

Please note I will not post for next few weeks.

6 comments:

  1. Hi Uday

    Could Only see one setup at 12:27 as BPB of DO (7531) but did not took the trade as the pullback was looking strong. Thereafter prices have breached the PDL,BRN and PDC and closed at PDL. Therefore did not took any trade. I was expecting the BOF of PDL which did not happen. Did not took any trade today. Just sitting on hands. What is your view.

    ReplyDelete
    Replies
    1. Vikas

      DP trading is all about ranges and DPs. You need to see and feel the ranges realtime in order to benefit from it. To make you understand it better I added a chart marking the ranges to the post. Also try to notice the importance of 7570 on daily chart.
      Hope you got your answer.

      URD

      Delete
  2. URD,
    hearing the news 'will not post for next few weeks.' .... I started worrying...
    Few days is fine , to take a break... few weeks is too much ... :-(

    anyways , you know whats the priority.... Good luck ...

    ~zen

    ReplyDelete
    Replies
    1. Zen

      Will try to come back soon.

      URD

      Delete
    2. URD,

      Break from blogging or trading?

      Delete