Tomorrow it's going to be interesting. We have quite a good pattern coming on to HDFC Bank. Tomorrow trade will be affected with Expiry Volatility and Roll overs. Days nearing to expiry is as volatile as expiry days. Especially when stock is in range.
Then again, as per the setup, we have found the SMB. But due to price ranging, we need to make sure we are not getting trapped into wrong trade. That's why , no VR is prepared. We are looking for a candle close within/near by the SMB range. And then buy or sell it's breakout. That plan is momentum swapping. Momentum swapping is often used , when we cannot finalize a zone , due to external factors. It's an excellent tool to use in news and event based trades.