There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Friday, September 21, 2012


Nifty broke above PDH and spiked. Could not enter on the first pullback as I expected a deeper one. Entered long on second pullback. As expected it channeled. I was expecting the channel till BRN.But it broke BRN and moved up. Now I was looking for a short.I expected a BPB when price broke below BRN.It happened to be a BOF. I was anticipating a BOF of  HOD like yesterday. Price could not reach HOD. BRN of Spot Nifty was giving stiff resistance at Nifty Future 5720.Always respect BRN of Nifty Spot and Futures.


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  2. Observation... Whenever a the first bar after a Nifty Gap-up is a green bar of decent size, then Nifty continues to move up.

    But if the bar following the Gap-up is a red bar, then the direction is unclear.

  3. @ Anon


    @Augu Bhai
    Thanks. Helpful observation
    Will pay attention to this


  4. will not the color of the bar depend on the interval just wondering?...This goes for all signals too - eg. A short ma may give a buy, but another time frame may give a sell. regards rb

  5. Raghu

    Yes. Horizontal Price levels only matter. Everything else is just illusions



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