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
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.
ReplyDeleteGreat trades though on such a narrow range day :)
Anon
ReplyDeleteI 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
what is ct gap? cudnt find it
ReplyDeletePiyush
ReplyDeleteThere is a seperate post on gaps
Read
ST
thanx
ReplyDelete