23/01/2015,FRIDAY

Opened with outside Gap up, which has become a routine nowadays.

1) Could not find any established Range extreme to initiate trades. No fixed DPs were also there. Price did not revisit LOD/HOD.  So very difficult to initiate any trade.

2) Thought of shorting below RN. Decided against it on seeing the congestion of candles below RN.

So no trades for 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.