Could Join the market at 11:28. Observed that Nifty opened above PDH and sold off immediately after open. Selling came to pause at PDC and prices has already given BOF of BRN and PDH. As previous trading session was a Type 1 Trend day. Expected a Range bound movement. Looking at the initial sell off, considered the general bias as Down and took the 2nd attempt of PDH BOF. Exited the position when nifty failed to clear the Swing Low in 2nd attempt.
Later observed at 13:03, candle BO the BRN and Range High. As the range bound day was expectedand also nifty was trading near its Range High, do not want to take long trade and decided to wait to give BOF setup by nifty coming down from the low of BO master candle, which did not happen.
Took only one trade. Did not attempted any other trade.
The above trades are my view during hindsight analysis.
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