Nifty Futures Intraday Trading Report March 08, 2011

Yet another sluggish day with virtually non-existent market action. Initially I shorted at 5517. After hovering for sometime in that region, the contract pushed forward to touch 5537 levels. I shorted at this point too. For the rest of the day the contract was simply zigzagging in between 5507 and 5527. Scalpers might have had a field day. The system autosquared off the trade at 5530.

This was an insanely bullish day – with the contract touching lower values only to scale back to the old levels within a jiffy!

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