Nifty Futures Intraday Trading Report September 21, 2011


Not much happening to me in this arena these days. Which is why I have stopped posting the reports. Rogue movements occur on day to day basis – defying all laws of supply and demand. The only way to deal with the situation is to trade with small number of lots or to stay away.

5112 was a point of interest for the day. As expected the market found support at this level and began to rise. I entered long in between 5120 and 5130. The trade was squared off in between 5130 and 5140.

When you sit to trade, please look at the nifty spot and nifty futures value at the same time. Concentrate on the differences in between the two. For example today nifty spot was moving frantically in between 5120 and 5130. However, our contract remained fixed at certain price points and was clearly displaying an inability to move higher upwards. What is happening? And towards the closing periods, wild upward movements began to occur on the futures contract.

Pathetic state of affairs trading the EUR/USD pair. I had a wonderful opportunity to short in between 1.3860 and 1.3870. But I could not do so since the trading terminal froze itself. That short could have given me nearly 200 pips in profits.

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