Monday, 21 July 2014

21072014


Nifty opened full gap up and above BRN 7700 but there was no momentum on the up side.
So avoided going long above IRH.
1) BPB of PDH.  Expected this to at least close the gap but it did not and reversed immediately.  Loss of 6 points.
2) BPB of BRN. This also failed.  Loss of 5 points.
3) BOF of Range Low.  Took this trade as I expected it to remain in the range. Booked it around other range extreme. Profit of 15 points.

4 comments:

  1. Dave Sir ji Why not U Long above 3rd candle BPB ???

    ReplyDelete
    Replies
    1. Anon

      There was no momentum to upside and I was expecting it to remain range bound. If it had broke out well above IRH, I would have looked to enter on BPB.

      URD

      Delete
  2. how u avoided PP that is taken by rose?

    ReplyDelete
    Replies
    1. CM

      I do not see any good PP opportunity in today's price action.

      URD

      Delete