Nifty Futures Intraday Trading Report March 11, 2011


5468 was a major support point for the day. Initially I had entered long at this point. Target was 5508. With the release of positive IIP data, the value of the contract began to surge. My target was achieved. I reentered the trade once again; this time, I shorted at 5508. Target was our support point i.e. 5468. The target was once again achieved.

Once the news about Japan earthquake broke out, the value began to dwindle. I waited until the contract may scale up to 5459 once again. Towards the closing periods, I could enter once again at this point. Despite showing immense potential to surge, the trade got squared off at the same level itself.

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