Nifty Futures Intraday Trading Report May 17, 2011

Not a spectacular day. The day started off with losses – I had initially shorted the contract at about 5508. Seeing the contract’s value rising, I squared off that trade; only to realize the market falling off from this level. I presumed 5469 would hold the market, but after the announcement of the SBI results, it began to falter.

A disappointing day in the currency markets too – with the EUR/USD moving crisscross of 1.4160; only to surge to greater heights later 😦

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