Monday, December 30, 2013

30122013


Nifty gaped up above PDH, but could not stay there. Went short on BOF of PDH on break of PDC. TP around 6345. Then a barbed wire around 6350 (NS BRN 6300) for a long time.Tried a short on the BOF of range high. Scratched it. Another short on break of LOD . Expected to break PDL and move into the fluid. Scratched this trade also as the trade did not move as expected.
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4 comments:

  1. UnknownDecember 30, 2013 at 3:51 PM

    Hi ST,

    Took the same first trade as yours.

    U tried BOF trade, but why did u have to scratch it as it moved to the low of the range and also the stop loss was not hit??

    Also I took the BO PDL and had to scratch it as it didnt move. I was expecting a move towards 6160 NS.

    Thanks and welcome back.

    TBP

    ReplyDelete
  2. SMART TraderDecember 30, 2013 at 4:22 PM

    TBP

    After the BOF it was not moving. I lost patience and covered.Not at a loss.
    6160 NS ?

    ST

    ReplyDelete
  3. UnknownDecember 30, 2013 at 4:39 PM

    Hi ST,
    I am sorry, I didn't mean loss either.
    6160 NS because I am expecting it to act as a pivot.

    Thanks,
    TBP

    ReplyDelete
  4. UnknownDecember 30, 2013 at 4:56 PM

    It should be 6260 not 6150

    thanks

    ReplyDelete

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