Not a good session from the point of view of understanding price action..
BANKNIFTY trades
Though not exclusively mentioned in YTC book, but there was a guy called Niranjan who had shared his work on Decision point where he had talked about opening range and how he used them in his method of YTC trading. Today in BANKNFITY that opening range played out quite well. I missed this LONG setup marked at A. Post 1PM, I stopped trading for some personal work. There was a clear TST short setup marked near B coming from HTF S/R level. A very good day indeed for intraday traders.
NIFTY trades
NIFTY gaped down as well and started a downtrend. I entered a SPB SHORT but price did not give much of a follow through. So I tightened my SL and exited for a small loss. This is the only real trade for me today.
Like BANKNIFTY, NIFTY too had given a TST short at around 2PM. But BANKNIFTY chart shows it more clearly..
Best Regards
Taiki