Tata steel gapped down, but moved as expected.
and relaince behaved like nifty
This type of open happens frequently, so one should have prepared for such scenarios also in trade preparation work
Tuesday, December 21, 2010
Recap of 12 - 20 2010
Nifty opened in the lower VA, right on the POC and immediately rejected from there and broke out of that VA. That rejection hints an asymmetric trade opportunity and buy trigered at VAH 5912 + 11 points. but entry point was second balance areas VAL. So waited for nifty to accept into that balance area. Buy trigered later at 5924 on retest of VAL.
Tata steel gapped down, but moved as expected.
and relaince behaved like nifty
This type of open happens frequently, so one should have prepared for such scenarios also in trade preparation work
Tata steel gapped down, but moved as expected.
and relaince behaved like nifty
This type of open happens frequently, so one should have prepared for such scenarios also in trade preparation work
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