Today was a trend day, the Nifty broek its 15 minute low at 4925, never went up to cross the 15 minute high. By the end of the day, it was giving a gain of 90 points.I had a bullish bias in the morning, so I did not take the opening range trade – (my mistake – when we do not follow the market, we lose out). Then, towards mid-day, 60 minute futures chart suggested a breakdown from a trading range. We closed our long positions, went short and then covered towards the end of the day.
Chart below: