As I discuss yesterday wide range of markets 16800-17500.
The market opens way beyond our expected range. whenever this happens I wait.
I was tempted to take a trade around 17270 to buy but couldn't execute and missed 50-60 points. however, aftermarket cross 17330,
I start looking for sell.
so I shot around 17325 with Sl 17350.
and exit around 17200.
now why I took the trade ...it was based on two factors, first Rsi was overbought in 15 min chart and Second, there is a double top on 15 min chart.
Generally, I hedge at a lower level but the market is very volatile within the range.
Thanks