3ms of Nifty fut traded in just 15 mins from 6360 to 6291 (VWAP price 6320), its 1/3 vols of whole day. Nifty fut broke 2 day low around 6340. Now below 6270, 6215 & 6160 likely...
dont be dissappointed TP , kabhi ho jata hai and dont try to cover losses in a single trade , slowly slowly cover ho jayega :thumb:
I knew big losses kamar tod deti hain , like my loss on election result day , I tried to cover that loss on rbi policy day and ended up giving more money than original loss in frustation
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
Hmmm I did not know this before, a good thing to know atleast by this time.
Pratapbhai, a similar thing like today happened sep 16th also, since I trade in BNF only I remember that time, what you said suits there too, BOF around a key resistance area as per hourly chart.
If I had known this I would have entered with twice the no: of initial lots