Nifty Futures Intraday Trading Report April 29, 2011


Yet another day riddled with uncertainty. Initially I entered long at around 5800. After playing about those levels for the major share of the day, the value of the contract began to fall. Eventually, it touched my stop loss placed at 5781.

Once again I entered the market; this time I was short from 5760. After kissing 5720, the value of the contract began to surge. The trade was squared off automatically in between 5740 and 5750.

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