Monday, 26 March 2018

Nifty Future 26032018


It opened within previous day's range and formed a barbed wire pattern around BRN/PDC.  At around 12 noon, it was able to break this tight trading range and got accepted above it, giving us a nice BPB setup to go long.  Once the prices got settled above PDH, short covering happened which took the prices higher and higher.

2 comments:

  1. Dear URD Sir,
    I have doubt in this, Actually I was online at the time breakout of PDH @ 10040 but expecting a pull back once it got broken out but price went to 10100 hence not taken the trade. Had a feeling that it was a direct BO. Kindly clarify still I am in learning part.
    Thank you,
    Parthiban

    ReplyDelete
    Replies
    1. Sometimes after the break out, it may not pull back. It happens and it is part of the game.

      Avoid trading direct BO till you understand the market well.

      URD

      Delete