Nifty Futures Intraday Trading Report June 08, 2011


A range bound day when the top and bottom catchers could have easily made money i.e. when people like me; who decide to follow the trend, gets slaughtered!

During the initial hour, I got a chance to short the contract in between 5530 and 5540. Within no time, it began to surge and hit my stoploss. Sensing bullish sentiments, I bought the contract in between 5550 and 5560. I got disappointed for the second time because the value of the contract began to dwindle in no time.

Once again, I got a chance to enter short in between 5530 and 5540. Although it stayed below my shorting point, the value of the contract began to scale upwards. The system squared off the trade for measly profits.

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