Nifty Futures Intraday Trading Report September 23, 2011


This day was expected to be volatile. And yes, it did not disappoint me. After the steep fall that took place yesterday, it is only natural for the traders to be confused about future prospects. The price action of the nifty futures contract was displaying it throughout the day with (a) erratic price movements (b) prices jumping all over the spectrum in between the high and low in multiples of two and four.

I placed short orders in between 4870 and 4880. These got stopped out in due time. I got opportunity to short in between 4900 and 4910 once again. This trade was also stopped out.

Update (15:17): I got a chance to short in between 4900 and 4910 once again during the closing hours. This trade was squared off in between 4860 and 4870. This last trade helped me to regain a portion of the losses incurred today.

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One Response to Nifty Futures Intraday Trading Report September 23, 2011

  1. interesting facts. Thanks

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