Nifty opened near PDH and then traded into a range for some time, took trades after announcement
1). Long on BOF of IRL at 7716, SL below 7705, TP at 7729. +13 points.
2). Missed the trade during down move, but at afternoon took the PP long at 7700, SL below 7690, TP at 7775. +75 points.
pp means??
ReplyDeletePP = Pressure Play
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why not you shorted at IRL breakdown
ReplyDeleteI traded after announcement.There was a short trade as BOF of PDH/PDC/IRH which i missed bcoz i was not in front of screen at that time.After that at IRL breakdown there was no favourable R:R
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