Tuesday, September 9, 2014

09/09/2014




No gap . Initial movement – Down.

1) Did not short BPB of IRL, as there was a strong flip zone around 8163.(Yesterday, this zone acted as a very strong resistance, before being breached after many attempts)  

2)Price consolidated in a narrow range below IR for a long time. Shorted BOF of this Range high. Expected it to move well below the then LOD. Didn’t.     Got 5 points.

3) Did not take the next BOF at the same spot, as there was too much of congestion in the middle of the Range.

Could not find any other clear signals. It was an NR day. BO  tomorrow?


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