First candle broke MSP and RN Spot, but price found a solid support there.Soon price went inside the range of the previous day.
1) Did not long, after price settled above BRN, as PDC was too close.
2) Several attempts to push the price above BRN failed. Thought of placing a direct BO order below BRN. Hesitated and didn't do it. Eventually price broke BRN strongly.
Shorted BPB BRN just above LOD. It was a low probability trade as space was very less. Closely trailed and scratched with 5.5 points.
3) Did not place a direct BO order beyond PDH as BRN Spot was too close. Further RN has acted as a very strong resistance in the recent past.
Very difficult to trade when BRN is in the middle of the Range of the day.
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.
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