Sir, How to make use of HLR for Intraday / Positional trading. Where Can I get a write up on HLR. Thanks.SN
SN,HLR is a kind of volatility measure and gives us an idea about the current state of the market.Volatility is cyclical - low volatility is followed by high and so on.This post below may help:http://timamo.blogspot.in/2012/04/nrds.html
ok...volatility is cyclic....but we may see high range days towards the upside too...why do u expect retest of lows.....
Generally it doesn't happen like that. Market was the least volatile during the January rally.The weekly chart is in a downtrend and breaking out over 5350-5400 looks difficult in spite of the 50 bp cut.On the daily chart, we have a series of lower highs and support around 5135-5150. This is a weak set up and the support area is vulnerable.
SirThanks for your quick response.SN
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