There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Monday, May 20, 2013
Nifty opened above PDH. IR formed. I was expecting a Spike and Channel. Went long on the break of IRH. BO of IRH failed . Scratched the long trade. Later Nifty broke the low of the tight trading range and made another lower range. BOF of range high gave a short. I was prepared to exit at PDH, BRN or PDC. These level failed to stop the fall. Finally covered at PDL.