Trading derivatives can result in drawdowns of capital. The trades shown using the charts are not to be taken by the readers. Views and analysis are personal.
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Friday, 1 August 2014

01082014


Nifty opened gap down below PDL and BRN, went upto BRN, IR formed.Previous trend was down
1). Short on BOF of BRN at 7693, SL above 7703, FTA was IRL but it did not move as expected, scratched at 7698. -5 points.
2). Took PP long above then HOD at 7705, SL at 7695, TP around PDC at 7722. +17 points.
3). Short BOF of PDC/PDL/BRN, entered below BRN at 7689, SL above 7702, TP when it failed to sustain below NS BRN at 7625. +64 points.

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