Tuesday, 17 January 2017

Nifty Future 17012017


After the open, it attempted to break the PDH but failed and gave a BOF setup which moved well.  After reaching to BRN it consolidated for some time and even after that consolidation it could not break BRN and gave a BOF of BRN.  But the markets refused to reverse and instead remained range bound for rest of the day.

3 comments:

  1. Uday
    Took exactly the same trades, 2nd trade was difficult as it tested the patience
    Prabakaran

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    Replies
    1. Prabakaran

      All the ingrediants were there for the second trade. But this is how markets work. We need to accept that and adjust ourselves.

      In the current market condition, since prices are not moving much during the day, don't expect big gains. Try to book at 10-15 points of profits.

      URD

      Delete
  2. Me... too ... exactly the same trade ....
    :-)
    Zen

    ReplyDelete