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

Wednesday, April 3, 2013

03042013

Nifty opened within previous day range.After the small gap down it was slowly moving up. I was looking to short on gap closure or PDH. But Nifty formed a range below these levels. BOF of range high gave a short signal..Scratched the trade on BOF of Range Low/DO. Later Nifty broke the range low and pulled back giving a nice BPB trade. Nice move down PDL and BRN did not lend any support
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3 comments:

  1. MuraliApril 4, 2013 at 8:17 AM

    Dear ST.

    It was a nice day finally. I was also not able to hold it when it struggled in range low. Later again shorted on the break down, which made the day proud.

    Cheers.

    ReplyDelete
  2. ratnakarApril 4, 2013 at 9:29 AM

    I was looking to short on gap closure or PDH - WHY ?

    How did u conclude in the last trade it wud move so down ?

    ReplyDelete
  3. SMART TraderApril 4, 2013 at 9:38 PM

    @ Murali

    Good

    @ ratnakar

    Gap down, Bias was bearish . Counter trend move may stall and reverse at a resistance. So either PDC or PDH may halt the up move.

    I expected a move to PDL. Maximum BRN. Market was kind enough to give some extra bonus

    ST

    ReplyDelete

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