05.12.2017_Nifty_Future_Dec 17

05.12.2017_Nifty_Future_Dec 17

Prices opened within previous days range and BO the PDL. A Low probability BPB entry is generated on first BO of PDL as there was no space for trade to move due to BRN is just below the PDL. Prices rebounds again and again it tested the PDL and given BOF entry as marked. There are two reasons to take this entry on PB after BOF :

1. The PDL was tested second time and failed
2. The Pin type candle at BOF gives a signal of bears strength

I would have taken that entry with a target to BRN with a SL above the first BO Master candle. The target has achieved later. Although, after entry prices has moved near the PDL which gives a questionmark and one could have scraped the trade while trading realtime. If one could have hold the trade, he could have taken the 20 points profit.

Second trade comes when prices gives a BOF entry of BRN which did not fill as the PB does not reaches the BOF Master candle high that is the entry price.

Third trade generated on the BPB long Entry of PDL which has given the good profit.

04.12.2017_Nifty Future_Dec 17

04.12.2017_Nifty Future_Dec 17

Prices opened within previous days range near PDC. Initially prices tries to BO the PDL and failed. BOF entry was generated on PB After BOF. The immediate DP was ORH and BRN-10200. Prices touches the ORH and moved within the tight range at ORH. In later stage, prices tried to BO the tight range high but failed and given a BOF signal.

This is EOD analysis, but in real time, today there is no convince able entry which one can take comfortably as there was no space to move for prices. Effective DP's of the day were PDL, ORH, Tight range high, BRN.