Thursday, 2 February 2017

Nifty and Bank Nifty Future 02022017

After a big move yesterday, expected it to remain rangebound for some time.  Avoided trading the counter trend in the morning and waited for the prices to approach LOD/BRN.  It did come there and gave a not so good BOF setup.  But because of underlying good strength of the trend it moved well and even broke  PDH.

The story was same here for the Bank Nifty too.  The only difference was the BOF pattern formation which appeared good.