Nifty opened 6 points below PDC, at lower extreme of prev. day’s closing range (MSP).
Initial range formed sandwiching yesterday’s MSP and then broke IRL.
1) BPB of IRL. Target was BRN for this trade. Booked at around BRN when it came back above BRN after breaking it. Profit of 11 points.
2) BO of Range Low after PP formation. It did break the PDL but failed to move further down. Booked at 15 points of profit.