Friday, 12 February 2016

Nifty Future 12022016


It opened gap up within yesterday's range. Marked three potential setups.  First was a mediocre one with the belief that the prices got settled below PDL. Second one was on an exhaustion of CT move at BRN, giving the BOF pattern. Then after that the up move from BRN 6900 happened very swiftly. Then towards the fag end gave nice BOF of DO/HOD.

2 comments:

  1. Thanks Uday 1st trade could have been bit early near to BRN?

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    1. It would be in the middle of range, i.e. a range between IRL and IRL. If you want to initiate a trade in the middle of the range, you can. I would not prefer.

      URD

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