Wednesday, September 5, 2012

05092012

Nifty Gaped down within previous day range.Bias was bearish. Avoided shorting as PDL was too close. Broke PDL and stalled at 5350 level. I suspected absorption and went long ( watch the volume at 5350). Scratched it as it did not move as expected.
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4 comments:

  1. Kamalesh P LangoteSeptember 5, 2012 at 8:46 PM

    Suggestion:

    Can you put the x-axis scale in your charts? This will help correlate the date/ time

    Thanks

    ReplyDelete
  2. SMART TraderSeptember 5, 2012 at 9:23 PM

    Kpl Sir

    Thanks for the suggestion
    Will do.

    ST

    ReplyDelete
  3. bizagraSeptember 5, 2012 at 11:53 PM

    ST sir..why u didnt consider BOF of PDL???Thx

    ReplyDelete
  4. SMART TraderSeptember 6, 2012 at 7:19 PM

    bizagra

    I was already long at that time.I exited this long after the BOF of PDL

    ST

    ReplyDelete

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