Tuesday, 13 June 2017

Nifty Future 13062017


It opened within yesterday's narrow range but was able to break out PDH.  After that there was no follow-through and prices formed barbwire around PDH.  At 10 o'clock this barbwire got confirmed, so it was impossible to trade that tight range till around 2:30 pm.  At 2:30 pm it broke out but again produced no good setup to trade on short side as PDC, PDL and BRN were below it, a strong line of defense.  Have a look at below chart to understand the significance of BRN 9600 level.



2 comments:

  1. Hi sir, thanks for your chart. Tomorrow expecting lol of Brn and PDL will be block bloster move.

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    Replies
    1. Arun
      9600-9700 is the broad range. If you get a good setup at these extremes, never let it go.
      URD

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