Nifty Futures Intraday Trading Report July 19 and July 20, 2011


Nothing much happened on these days. Yes, I did a few trades and could erase some of the losses had incurred in the last few sessions. These two days were pretty much straightforward – anyone with average intelligence could have enforced an age-old rule of day trading and made quite decent sums.

Before you post what this ‘rule’ is – it is nothing but buy above the opening price and sell below the opening price. In other words, if the contract is trading above the opening price, you can go ahead and try to buy it (with the hopes that it may rise during the rest of the trading session). On the other hand, if the contract is trading below the opening price, you can short it.

Please bear in mind that such a strategy would work exclusively in trending markets. On most of the days, you will find yourself getting whip-lashed – which will ultimately force you to seek alternate methods to day trade! 😉

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