NF Opened with a small Gap but got sold at BRN. Dint take the short at that point of time, since NF was maintaining a Channel from Previous day. Took the break-out of Channel on downside for initial target of PDL. Broader market was very bearish, so was trailing it without booking the profit at PDL. After LOD there was a bounce and got stopped out. At End of day, there was one more push to break LOD, but failed, so took the counter trade, I was not confident with this, so booked it soon with small profit.
Monday, July 28, 2014
28-07-2014
NF Opened with a small Gap but got sold at BRN. Dint take the short at that point of time, since NF was maintaining a Channel from Previous day. Took the break-out of Channel on downside for initial target of PDL. Broader market was very bearish, so was trailing it without booking the profit at PDL. After LOD there was a bounce and got stopped out. At End of day, there was one more push to break LOD, but failed, so took the counter trade, I was not confident with this, so booked it soon with small profit.
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Guru,
ReplyDeleteUr channel also came as BPB of PDC... nice improvisation.
Thank you.. it was a lucky day :)
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