Nifty Futures Intraday Trading Report May 12, 2011

An interesting and easy day when someone could have made immense profits.

The day started off with a dull note. I went long at about 5544. Had no idea about the targets; but covered it at around 5566 when the market began to display signs of weakness. Once again, I shorted at this point (5566) and awaited for the market to fall. The second short trade got squared off in between 5470 and 5480.

As I always say – with foxes, me must play the fox. Knowing the reversal points beforehand helps in staying on the safer side and thus making huge profits. 🙂


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