Nifty Futures Intraday Trading Report June 28, 2011

A volatile day with the bulls and bears trying to outsmart each other. Ultimately, the bulls won. Initially, the bears were in charge and hence, I shorted the contract in between 5530 and 5540. After touching the low price of 5492, it began to surge to higher levels. I squared off the trade in between 5515 and 5525.

The scenario had changed by then with the bulls trying to get a hold over the contract. I entered long in between 5530 and 5540 once again. The trade was squared off automatically in between 5550 and 5560.


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