Monday, 19 December 2016

Nifty Future 19122016















It opened below PDL but lacked momentum and whole day just traded in the 20-25 point range.

There was barb wire pattern around PDL and the range was too narrow to trade.

The day ended without giving any good setup to trade.

In day trading as the trading costs are too high, it is important to learn when not to trade and how to avoid trading in such lull period.  Prices always give enough clues about it.  We just need to develop the ability to read them.

Not losing money in such period is as important as making money in the best of the times.

5 comments:

  1. Sir can direct BO of PDL can be taken? thnx

    ReplyDelete
    Replies
    1. Amber

      It broke out multiple times. At what point, you want to enter?

      URD

      Delete
  2. Replies
    1. No. HOD to LOD was the narrow range. Better to trade that range.

      URD

      Delete