07/01/2015,WEDNESDAY

Today's price action can be termed as a big BW around  PDL/RN  throughout the day. Price was moving between 8170 and 8130 for a  major part of the day, barring the overshoots @ DO in the top and at the bottom at noon.

1) Skipped PDL BPB Short @ DO, as the price remained above PDL for a little longer time.

2) Shorted BPB PDL on the next attempt below BRN Spot, after price could not move above the upper extreme of the last impulse. Scratched. Got 5.5.points.

3) Expected choppiness, as price tried to move above PDL after the fall. Placed a Long order after  something like TRAP was seen.Actually the price had reached the Range extreme and I compared this Range extreme with a swing low inside the Range and mistook it as TRAP. Cancelled the order in time.

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.