Nifty opened within previous day evening range.BOF of PDH gave the first short signal. TP at PDC. Skipped the long TST trade at PDC. Price tested the range high and drifted down. I was expecting a BOF at LOD.
Price was still trading within the previous day closing range.Nifty refused to go down below 5350. Low of four bars were 5350. Then price turned and started moving up.Another push down also failed to go below 5350. I went long as I can keep my stop loss below LOD .I was lucky to get very good profit on this trade. Last trade was BPB of HOD. Went short when price re entered the range. Could get 20 points on this.