Thursday, December 12, 2013

12122013


Nifty gaped down below PDL. IR formed. Did not short below the IR as BPB of PDL because of BRN 6300. I expected a range between PDL and BRN. Rest of the day Nifty was in a tight range of 13 points. Did not attempt the firsr BOF of BRN. Second one attempted and scratched.Thought of going long on the break of the Cigarette range high but did not due to IRL and PDL were  too close. Could capture the last BOF which gave good returns. .

10 comments:

  1. Thanks ST..
    I made it a complicated day. Because of lack of focus :).
    Got bored which lead to lapse of concentration... leading to really bad trades.
    I took a long trade at the bottom of the range. Was completely sure of getting out at ~300 (BRN). Went into greed mode didn't took profit and ultimately lost more money :).

    ReplyDelete
  2. Was there any possible VWAP setup after first big break out of range near eod?

    thanks
    SS

    ReplyDelete
  3. It didnt really move much later.
    ATP was around 20-30 more than LTP.

    Would this be a valid setup? Seems there were not many long traders left.

    thanks
    SS

    ReplyDelete
  4. SS
    20-30 is normal for trend moves
    Further here there is no panic as the critical mass is short from open

    ST

    ReplyDelete
  5. I was short @ 6292 from 9:45 and was holding the whole day until I got fed up and covered around 14:40 and then it went down!! Grrr...:/



    ReplyDelete
  6. Sir good evening,your last trade is BOF of BRN, kindly update thnx

    ReplyDelete
  7. Amber

    Last trade BOF of BRN
    I have marked it on the chart

    ST

    ReplyDelete
  8. SS

    Very difficult to hold for such a long time.

    ST

    ReplyDelete

Note: Only a member of this blog may post a comment.