Nifty opened near previous day close. BOF of BRN 5300 was a signal to go long. skipped the trade as FTA( PDH )was too close. Expected a pull back after the breakout of PDH. I would have gone long keeping the stop loss below PDH. if the price came within my risk tolerance level.
I thought it was going to channel but later on traded in a very tight trading range. BOF of this trading range gave a long signal which moved well.