18032013

Nifty gaped down below PDL.. Price failed to move below the first bar. First bar acted as the initial range. BOF of IRL gave a long signal. I was hoping for a gap closure but price was in no mood to move up.Scratched.  Tried a short below the psychological level 5850 as the bias was bearish . This also ended as a scratch.Did not attempt any other trade. Price was forming a Barbed Wire around 5850