Thursday, 5 January 2017

Nifty and Bank Nifty Future 05012017


It opened full gap up.  There were all the signs of today being trend day at open but doubted it because of lack of momentum and hence avoided BPB of PDH. Later once it started ranging, gave a TST setup at range low which reached the range high.


Bank Nifty was not as strong as Nifty but the up move of Nifty was playing in my mind.  Took the direct BO trade as marked expecting prices to reach to at least PDH which it did.

4 comments:

  1. hai sir todays my first trade was bpb of pivot point 3rd resistant at 8263 price movement was very slowly and steadily so I feel that today will be trend day finally I booked profit when 2nd push failed at 8288 .my 2nd trade was at bof range high 8288 finally booked small profit at 8280

    ReplyDelete