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Tuesday, 5 January 2016

TataSteel Fut 2016 Jan 05

It was a kind of anticipation set-up. Refer Tata Steel day chart. It is already in the rally mode/ uptrend. The strategy is to buy on the dips for positional trades. Similarly keep a watch on the buy signals for intraday. Buy signals are BOF-PDL, BO-PDH.

1. BOF - PDH . It's a sell signal. Should have ignored as per my plan. But I did burn my fingers.

2. After a good level of consolidation near PDH, it gave a BO at 264.3. It gave a significant move after that. Profit 7Plus points

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