Nifty Futures Intraday Trading Report July 01, 2011


The first trading day of the month. Quite a promising day; however things did not work out like I envisaged. For starters, today was one of those days when we could have taken short positions during the initial minutes itself and sit back to see the value of the contract tumbling downwards.

Regular readers will be already aware of the fact that I deploy the trading terminal services of Karvy. For about two hours or so, during the crucial market hours, the trading terminal was down. Contacting the local branch office left me with the information that it was a problem that affected all the Karvy clients across India.

Long story short – I couldn’t make any good profits today. During the closing periods, I shorted in between 5640 and 5650. This trade got squared off in between 5630 and 5640.

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