Thursday, August 1, 2013

01082013


Nifty opened above PDH. Went long on the BPB of PDH/BRN. I was expecting a channel. But FT and NSEL spoilt the party. I was not confident to short to a cluster of supports and missed the entire down move. The fall was halted at  BRN 5700. Went long on the BOF of PDL above the MC. Trade moved well into the Fluid . TP at BRN. Did not attempt any other trade as I expected some chop
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5 comments:

  1. amberAugust 1, 2013 at 8:27 PM

    Sir in todays chart you have drawn a line above BOF whats it significance , kindly update thnx

    ReplyDelete
  2. saratAugust 1, 2013 at 8:50 PM

    sir are we able to identify spike and channel movement earlier?

    ReplyDelete
  3. SMART TraderAugust 1, 2013 at 9:09 PM

    amber

    That is where I entered. Above the MC

    ST

    ReplyDelete
  4. SMART TraderAugust 1, 2013 at 9:13 PM

    sarat

    No way to identify it earlier
    After a spike usually there will be soft trend called channels

    ST

    ReplyDelete
  5. amberAugust 1, 2013 at 9:49 PM

    sir thnx

    ReplyDelete

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