1)Previous day being NR, expected Gap up – BPB/BOF of PDH or
Gap down – BPB/BOF of PDL. Second one happened.
It was a good opportunity. Broker has returned all the money
back, to comply with SEBI rules, yesterday. Though the money was credited back
in the Trading Account of last night itself, broker has not updated the
records. Hence could not take the nice move downwards.
2) Entered Long above CH. After a
prolonged spell of consolidation, price moved nowhere and had to scratch with 2
points.
3) Being expiry day,avoided
trading in the last session, as it is only for Big boys.
ST made an interesting observation
about today’s price action.
Be aware of the big picture. today
is expiry
Nifty was trading between 7500-7600. Morning sell off itself showed the big boys want an expiry below 7500. Price fell to 7520. Now it is very difficult for the bulls to lift it above 7600. So they loosened their grip a little and allowed poor retailers to go long and made retail shorts to book profit. At the fag end a BOF. retail traders panicked and exited pushing price below 7500. These are all games big money play. Expect these kind of traps on expiry
Nifty was trading between 7500-7600. Morning sell off itself showed the big boys want an expiry below 7500. Price fell to 7520. Now it is very difficult for the bulls to lift it above 7600. So they loosened their grip a little and allowed poor retailers to go long and made retail shorts to book profit. At the fag end a BOF. retail traders panicked and exited pushing price below 7500. These are all games big money play. Expect these kind of traps on expiry
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