Nifty opened within Previous day range. Broke above PDH and got rejected. Short on BOF of PDH on break of DO/IRL. Nifty went down quickly breaking PDC,PDL and BRN. TP around 6190. A range move between BRN and LOD for a while. Long on break of BRN as PP. Covered at the end of fluid at PDC. Attempted another short on break of BRN to the down side.Target was LOD. This one did not move as expected and I scratched it.
Notice the LOD. The lower line is the exact low of the day. But I ignore the tails. That is the middle line.. Later market proved these two levels are wrong and 6180 is where the orders are. Notice the four attempts by Nifty to go below this level failed. Last candle that made LOD was an overshoot of the momentum move.Once market gives such clues make slight adjustments to the levels. Do not expect text book patterns and rigid levels. Trade the concepts not patterns.