Wednesday, February 29, 2012

29022012


Nifty gaped up above PDH and printed 2 bull candles. Naturally the bias was for an up move after a pull back.Most of the people might have bought the pull back. Those who went long at the pullback will be stopped out and they will also miss the FTC short trade. The other 4 opportunities were good.

Notice how  the price respects  the prominent levels like PDH,PDC, DO etc.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.