There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Thursday, January 16, 2014
Nifty opened above PDH and refused to go beyond the first bar. IR formed. Suspected a Barbed wire around PDH. Short on break of IRL as BOF of PDH. Covered when second attempt to the downside failed. TST of IRL was a good opportunity to short. Missed it as it was a channel move to the upside. Long on BOF of LOD. TP when IRL rejected. Attempted a short when LOL BOF of PDH/IRL . Short was on break of MSP. Stopped out.Entire day Nifty was trading within 30 points.