Friday, December 28, 2012

28122012


Nifty gaped up above PDH. An Outside CT gap. As expected it channeled after the spike. Went long on the first pullback with SL below PDH. FTC above HOD gave a short. TP at the MSP. TST of LOD gave a long signal.I expected a break above HOD. But it did not happen

5 comments:

  1. Well, actually today it did not gap up, and was an inside bar day. It was just a change from December to January series. I think that on the day following expiry, it would be better to get PD levels either from spot or the same series.

    Great trades though on such a narrow range day :)

    ReplyDelete
  2. Anon

    I charts provide only the current series. Most of the day traders are following this method.
    Anyway the confusion is only for a few minutes after which market will create new levels

    ST

    ReplyDelete
  3. Piyush

    There is a seperate post on gaps
    Read

    ST

    ReplyDelete

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