Monday, May 27, 2013

27052013

Nifty opened within previous day range and spiked above PDH. Did not attempt a long as nifty had moved more than 40 points and I expected a consolidation. Made a Cigarette pattern. BO below the range low failed. Went long on the the break of range high which moved very well. due to stop triggering.
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5 comments:

  1. amberMay 27, 2013 at 8:26 PM

    sir kindly update what does stop triggering means thnx

    ReplyDelete
  2. SMART TraderMay 27, 2013 at 8:37 PM

    Amber

    Please read
    Structures and Patterns > cigarette

    ST

    ReplyDelete
  3. Sunil SaranjameMay 27, 2013 at 9:57 PM

    I guess most of the order flow was on the short side. Look at the VWAP.

    Thanks, ST.

    Regards,

    ReplyDelete
  4. amberMay 27, 2013 at 10:20 PM

    sir thnx very much

    ReplyDelete
  5. SMART TraderMay 27, 2013 at 10:36 PM

    SS
    Yes,I was expecting a VWAP run. But BRN 6100 acted as a barrier.When expiry is round the corner. BRN will attract strong order flow.

    ST

    ReplyDelete

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