Monday, May 12, 2014

12/5/2014, MONDAY


1) Mild Gap up with DO becoming Day Low. In the first few minutes, Nifty moved up briskly till getting resisted by BRN 6700.

2) Second attempt to break BRN failed resulting in BOF. Took this short, but was stopped out.Lost 12 points. Thereafter Nifty was moving in a channel. Hence didn't take any trade.

Should have refrained from trading as advised by ST. Day traders were not in control of the market obviouslt and this will be the case through out this week, till election results are announced on 16th.

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