Nifty Futures Intraday Trading Report February 24, 2011


On this day, I shorted the contract between 5480 and 5490. Target price was set in between 5450 and 5460. Target got achieved in no time. The spread in between the shorting price and target price was low because of the wide gap in between the yesterday’s closing price and today’s opening price.

Later I realized that if I had not squared off in between 5450 and 5460 (aka my target price), I could have reaped a good amount. The market dwindled and even touched 5270 levels by afternoon.

Like they say – something is better than nothing, right?

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