Tuesday, July 7, 2015

07/07/2015, TUESDAY




                                                         
1) Shorted BOF PDH. Got 10 points.

2) Looked like absorption at PDH(similar to what happened on 15/4/15). Shorted as price came below PDH. Expected the price to move quickly, as I expected trapped bulls to exit in panic. But 2.00 PM  green candle confused me. Thought that TRAP is in making and hurried up to exit at breakeven. But downmove continued after my exit. Got just 4 points.

3) Wanted to take PB cautiously as the trade is aginst the BOF move. But price easily broke through yellow zone on the second attempt in LTF. So no trade here.


Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. 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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