Tuesday, May 28, 2013

28052013

Nifty opened within previous day closing range. IR Formed. BOF of PDH gave a short below BRN and MC. My first target was MSP/DO. When it broke this area I thought there could be another leg down through the Fluid.Covered on BOF of the area. Long above the Tight trading range . TP at BRN.. Did not attempt the BOF of HOD and later BOF of BRN
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2 comments:

  1. Rajesh ShahaniMay 29, 2013 at 6:40 AM

    Was it due to msp that fluid didn't play out?

    ReplyDelete
  2. SMART TraderMay 29, 2013 at 10:37 PM

    Rajesh

    Not because of MSP.Price take the path of least resistance and I did not expect any strong opposing order flow in the fluid area
    But market proved me wrong

    ST

    ReplyDelete

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