Nifty Futures Intraday Trading Report June 09, 2011


One of the worst trading sessions of my career occurred today. As usual, the counter-trend traders were able to make heaps of money while the trend followers had to eat the humble pie.

The contract touched the “buy” and “sell” zones in an alternating manner throughout the day. The “buy” zone lay in between 5530 and 5540 while the other, the “sell” zone lay in between 5500 and 5510.

Lack of volumes / participation by the retail traders / FII / DII could be the reason. Swift trend-less movements prevailed within the market during the entire time.

I can only hope for the situation to turn better in the oncoming sessions.

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One Response to Nifty Futures Intraday Trading Report June 09, 2011

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