Thursday, 29 December 2016

Nifty Future & Nifty Bank Future 29122016



It was a very quiet day till 2 pm today.  Prices were trading close to its intraday high for long time and refusing to move down from there.  It gave me confidence to take a direct BO of range high.  It tested the patience a lot before launching off to the next orbit.





It traded in the range for almost whole day.  Towards the fag end suspected a good move out of this range and attempted a direct BO here too which yielded well. 

4 comments:

  1. Do you wait for the close of breakout candle or would you jump in as soon as it breaks out?

    ReplyDelete
    Replies
    1. I enter as soon as it breaks out through SL-limit order.

      URD

      Delete
  2. URD Ji,

    Some how i am still at stage of entering only after confirmation. i.e. i always wait for BO of RH, PB till BO point and then placing limtit buy order above swing high made.

    ReplyDelete
    Replies
    1. Rose

      That is fine. It is not possible to trade each and every setup.

      URD

      Delete