Nifty Futures Intraday Trading Report June 23, 2011

Today, I did not take any trades on the nifty futures. I spent the time looking into various trading strategies – to fine tune my losses. Towards the closing periods, I entered long at 5312; which eventually got stopped out. Re-entry was once again made possible at the same level; which I duly used to secure a position for myself. However, the contract was facing some magical resistance in between 5320 and 5325. Even after numerous attempts to break this barrier, the contract couldn’t succeed. The trade got squared off at the same price of 5312.


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