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 5239 against its previous close of 5266, and is currently trading at 5257. It has so far recorded a HIGH of 5268 & a LOW of 5225. Asian cues are negative, US futures are in green, and European markets may open in slight positive today after yesterday's heavy losses. The trading range for NF today is likely to be 5200-5275.
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Suggested Nifty Trade Today
11.30AM: NF is currently trading at 5263, having recovered from the morning lows of 5225. It is now trading very close to the current high of 5268. There is a strong possibility of the current high of 5268 getting broken within the next 30-45 minutes. Go SHORT around 5270 with SL at 5281 for a target of 5210.
The current low of 5225 may look very tough to be breached today, and may remain the low for most part of the session, and may get breached only towards the end.
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Nifty Intraday Trade
11.43AM: Sold nifty at 5282. Target 5220/5210. SL 5291.
1.31PM: SL hit at 5291. Loss 9 points.
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