Friday, 9 March 2018

Nifty Future 09032018


It opened gap up around PDH but did not sustain and moved down to fill the gap.  After filling gap, it gave BOF of PDC setup which moved sharply.  There were clusters of levels around PDH and prices had difficulty to successfully break them.  BOF of PDH & DO was a good setup again which moved some.  After that, it just remained range bound creating a barbed wire around PDH.  Once it consolidated enough for 2-3 hours, it seemed like prices were breaking out, but failed.  Towards the fag end it moved down sharply without allowing an entry.

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