July 23, 2015

NIFTY futures intraday charts

- last few days markets have been hitting resistance but unable to cross it
- today markets sold off  from resistance
- break of initial trading range was short signal
- did not trade short but looked for long opportunity
- did get a long trade but was breakeven
- markets were rangebound rest of the day/ nothing to do.

Hourly charts show rangebound nature of nifty

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