Tuesday, June 29, 2010

DAILY TRADING REPORT - 29.06.10 (Tuesday)

Nifty Trades - June 2010

1. Total Trades: 31

2. Winning Trades: 12

3. Losing Trades: 19

4. Points Gained: 246

5. Points Lost: 207

6. Net Gain: 39

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Nifty Futures 10.30AM Call

10.30AM: Nifty Futures opened today at 5322 against its previous close of 5339, and is currently trading at 5306. It has so far recorded a HIGH of 5322 & a LOW of 5293. Asian cues are negative, US futures are in red, and European markets may open in negative today due to renewed sovereign debt worries. The trading range for NF today is likely to be 5250-5325.

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No Nifty Trades Till 30.06.10

As I am out of station, there will not be any nifty trades till 30.06.10. However, I will give a suggested trade for these two days.

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Suggested Nifty Trade

11.20AM: NF is now trading at 5298 with current low of 5293. The current high of 5322 in all probability will remain the high for the day.

The suggested trade today is to GO SHORT around 5307 with SL at 5323 for a target of 5270/5260.

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Market Close Report

3.30PM: Nifty futures closed the day at 5268, down 71 points, after touching a low of 5240 & a high of 5322.

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