Nifty Futures Intraday Trading Report August 16, 2011


A day when everything went wrong. I tried to catch a falling knife and had to shut the shop with major losses. Almost all major support points such as 5117, 5078 and 5039 were broken by the rampant selling among the masses.

I wonder where nifty would be playing in the coming days.

Moral of the day: Never try to find the bottom of a market that is acting as if all hell has broken loose!

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2 Responses to Nifty Futures Intraday Trading Report August 16, 2011

  1. Very efficiently written post. It will be valuable to everyone who uses it, as well as myself. Keep doing what you are doing looking forward to more posts.
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    Intraday Tips

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    Intraday Tips

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