Nifty opened just above PDH/PDC and tried to break the BRN above. Since Friday was a big volatile day, I was expecting today a quiet range bound day.
I waited for the IR to form. Then there was a BOF of BRN. Avoided this CT trade as I was expecting range bound day and there was no enough space.
Then there was a BO attempt below IRL. Again avoided it for the same reason.
1) BPB of PDH/PDC IRL. Next time when the BO on downside again happened, I entered it. It did not move. Booked loss of 9 points.
2) BOF of Range Low. As expected earlier in the morning, nifty remained range bound so far. So attempted BOF. Entered above the MC. My target was around Day High. It moved as expected but missed the target by couple of points. Booked when it came back into the range, below BO candle. Profit of 12 points.
Whole day Nifty remained in a narrow range creating a Barbed wire pattern around PDH.