Thursday, 30 March 2017

Nifty and Bank Nifty Future 30032017

Expiry day. It traded in the narrow range again today.  There were two good setups to go long as marked.  After the first setup, it looked like it was going to break the range high but it did not.  On second setup when it failed to break LOL of PDH/PDC/RN and LOD, had placed an order to buy but unfortunately it jumped my order so could not trade. In addition to the good setup, I knew for sure that time that it would first make a false move, trigger the SL orders and then towards 3 pm would make the final move and exactly it did the same.

I traded Bank Nifty also and here I was lucky.  It did not jump my order.  I bought 21500CE at 29 on break of 21520 and booked out at 110.