There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Thursday, August 9, 2012
Nifty opened within previous day range. Stayed out till IIP data is out. There was no forceful selling even after disappointing data.Nifty was channeling down.waited till it escaped from the channel. Skipped BPB trade at PDL as I felt there was not much down move left. Long on the TST of LOD added one more lot at the break of range high. Stop kept just below PDL. Later stopped out of the trade.I suspect Nifty is now in a reverse channel.