Nifty Futures Intraday Trading Report March 15, 2011


Yet another day of high levels of turbulence in the markets.

Almost all the exchanges over the globe traded in the negative zones yesterday. This morning, the same occurred other Asian markets such the Hang Seng Index, the Shanghai Composite, Nikkei, Seoul Composite etc.

Keeping in tune with the situation, I shorted the contract at about 5420 level. After playing below the region for some time, the value began to surge. The breakout region was situated above 5440. Needless to state, I covered the initial short trade at this point and reentered once again long. The market touched 5505 and began to fall. The trade was autosquared off at 5460 levels.

Reliance Industries seemed to be the day’s favorite for the Indian traders today. The scrip kept on achieving newer highs with the passage of time. Many reputed members were speaking about Indian markets being the most manipulated ones in the entire globe. I do not question the veracity of such statements. However, I was amazed with the excellent recovery made by the markets on this day.

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6 Responses to Nifty Futures Intraday Trading Report March 15, 2011

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