Wednesday, 29 March 2017

Bank Nifty Future 29032017


Nifty has been trading in very narrow ranges of 30 odd points for last few days, not giving a good opportunity to trade.  On the other hand, Bank Nifty is moving at least more than what Nifty is moving, so traded today Bank Nifty today.

It was moving in a type 1 trend day fashion after the open, but had to wait for a very long time for proper entry setup.  There was a long trade possible at BOF of range low as marked.

8 comments:

  1. Hi Uday,
    I entered long (on 14th candle) parallel to the high of the first green candle (4th)of the day @ 21311.15 and exited around 12.10 PM @ 21165.
    Was it a wrong trade as per the system we follow.

    ReplyDelete
    Replies
    1. Manoj

      It was bpb of PDH. Nice trade.

      I looked for the reason for further move, like CT gap or range BO which was not the case so skipped it.
      URD

      Delete
  2. Hello URD, did we have an entry set up(BPB of PDH) early in the morning ? if so how to catch such early trade

    ReplyDelete
    Replies
    1. Srinivas

      See the comment above.

      URD

      Delete
    2. Thanks URD.

      the previous day candle was green(28th March) and overall it was trading sideways so how to confirm on CT gap ?
      I assumed it as Trend Gap

      Delete
    3. Srinivas
      It was the trend gap. If it were the CT gap, then it will make sense to go for the trade.
      URD

      Delete