Nifty opened within previous day range. First three candles moved in one direction . Usually this initial move will act as a range. BOF of IR Low gave a long signal.TP at IR high.
( Dont be in a hurry to short here. When the breakout of a range extreme fails expect the breakout of the other extreme)
The second signal was a FTC trade which moved well. BOF of MSP gave another long signal.
Notice the absorption taking place at 5120 level.Market traded in a 10 point range for half an hour. Somebody was absorbing all the buying. Always look for absorption after a steep vertical move. Wait for the second push to fail after a climatic move.
Rule of Two : If the market fails to do something twice, usually it will try to do the opposite