Intraday: Mkt gap down & i started looking for shorts at UBB or at higher level
1) Took a Short, when Price close below LBB with break of Day's Open. Gave my SL.
2) Again a Short on a small Hammer on UBB. Mid BB almost flat to +ve. It was a risky trade. Near miss to my Sl & gave 20 pts. Closed at 6200, but mkt kept moving down till the end.
1) Took a Short, when Price close below LBB with break of Day's Open. Gave my SL.
2) Again a Short on a small Hammer on UBB. Mid BB almost flat to +ve. It was a risky trade. Near miss to my Sl & gave 20 pts. Closed at 6200, but mkt kept moving down till the end.
Hi Sir,
ReplyDeleteIs this not nifty futures chart???
Seeing different values in my system.. i am using sharekhan..
Thanks,
Mahesh
Hi Mahesh,
ReplyDeleteThis is NF chart, but for Feb series as its expiry week.
Thanks,
Deven Malhotra
Hi Deven,
ReplyDeleteWhen we see hammer in UBB or LBB, can we enter in a trade immediately, though the location may not be a DP?
Thanks. S.Karthikeyan
Hi Karthik,
ReplyDeleteYes, I enter immediately after 2nd/ 3rd Hammer on UBB/ LBB. DP confluence increases the probabilities, but alone hammer is sufficient for me to enter.
Thanks,
Deven Malhotra
Hi Deven,
ReplyDeleteThanks for the clarification.
S.Karthikeyan