There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Tuesday, January 1, 2013


Nifty gaped up above PDH. Expectation was a channel move after the spike. But hesitated due to the Big Big BRN 6000. IR formed. FTC above BRN/IRH gave a short signal which did not move. Another BOF of this level also did not help. Finally stopped out of the trade.


  1. ST Sir,
    If BRN was not around or NF would have opened above BRN then we would have gone long on the first PB??

  2. Anurag

    Depends on price action

    Gap + initial move in the same direction+ No DP barrier for the move
    Will expect channel and go long on 1PB

    Gap+ Initial move against gap. Will wait for IR to form.

    Managing risk is the first priority. Always hide your initial stop behind a strong level


  3. Exactly sir, have to see the price action. For eg: today was gap up but price action suggested different approach.

    My query was specifically on yesterday's price action, got my answer in your today's reply :) Thanks a lot!!


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