Question to wise people here
Was this due to return of Fiis ? Volumes are much larger now.
What is so special about 2PM. Do we get more FIIs at 2 PM? I want to be out during volatile period
don't know about wise...but below is my experience
usually in morning if there is a bias in one direction and the BO/BD of a key level is not happening then around 2pm usually people decide to give up resulting in a huge move in opposite direction
today longs were not able to take out that day's high for long time...and then BOOM at 2pm
Question to wise people here
Was this due to return of Fiis ? Volumes are much larger now.
What is so special about 2PM. Do we get more FIIs at 2 PM? I want to be out during volatile period
usually in morning if there is a bias in one direction and the BO/BD of a key level is not happening then around 2pm usually people decide to give up resulting in a huge move in opposite direction
today longs were not able to take out that day's high for long time...and then BOOM at 2pm
Today the big boys are back and we had a fantastic bull trap.
Look at the 2 hour chart on nifty. you can see it was clear trading range and inside bar closing below the top of range confirmed the bull trap and after that it went all the way down..forcing bulls to exit and adding more sell pressure.
if anyone had taken a 1% position after the inside bar , you would have a truck load of money today.I managed to catch half of it. Good day!!!