Thursday, 16 November 2017

Nifty Future 16112017


It opened within previous day's range and traded in an initial range for first couple of hours.  After trading in the narrow initial range it could break out successfully from overhead resistances in the form of BRN and PDH.  After the successful BO, a BPB setup was possible to go long.  It then traded in a narrow range again but respected the flip and range low.  BOF of PDH/range low as marked was another good setup to go long.

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