Opened with outside gap down . Initial movement – Down. Bias was
bearish.
1) Could not short BPB of IRL, as BRN Spot was closely
located.(at that point of time, premium of NF was less and hence BRN Spot was
below IRL. Later on, premium increased
and BRN Spot rose to almost the same level of IRL)
2) Shorted BPB of IRL. Was in 2 minds, as the zone below
8120 has behaved quite choppily in the recent times. Made a quick exit, when
price reversed. -2 points.
In the hindsight, (after checking with ST’s blog), marking
of IRH was not correct. It must be at
the high of the first testing of IRH.(black line)
No other trades for the day.
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