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Friday, 26 September 2014

26092014


Nifty opened gap up above PDC due to some premium factor, IR formed, Skipped long above IRH as previous trend was down but it went above BRN 8000 and almost touched the PDH
1). Short on BOF of BRN at 7992, SL above 8001, TP when it bounced from IRL at 7961. +31 points.
2). Reenter Short below IRL at 7940, SL above 7951, my target was PDC(gap filling) and it moved as expected, TP near PDC at 7912. +28 points.
3). Long on BOF of BRN/PDC, entered above swing high at 7932, SL at 7918, TP at 7972. +40 points.
Missed the fast 100 points upmove after 2:30 pm as i could not find proper entry.

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4 comments:

  1. rockySeptember 26, 2014 6:39 pm

    last TP where you booked why you draw the line from it what was the reason behind for that

    ReplyDelete
    Replies
    1. VKMSeptember 26, 2014 8:32 pm

      That was a range high which Nifty tested four times before and reversed, fifth time it crossed that range and traded above it for some time but failed and fell below the range high so i exited (TSL hit) there.

      VKM

      Delete
  2. trading noobSeptember 26, 2014 10:35 pm

    Hi,

    Your PDL seems to be incorrect in the chart, am not sure why this discrepancy is happening.
    for NIFTY14OCTFUT, PDL is 7940, in your chart it's below 7900

    ReplyDelete
    Replies
    1. VKMSeptember 29, 2014 5:30 pm

      I was trading continuous chart, those values are from last day of September series.

      VKM

      Delete

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