Friday, 15 July 2011
Nifty Futures
120 points moved but closed at nowhere. Yesterday mentioned to avoid any long positions in Nifty. As mentioned there was heavy volatility in Nifty. In the morning it was 5546, In afternoon it flared up to 5667 and closed without any change. Dont you call this volatility? Today's trading may decide the future trend of nifty.Expecting some heavy movement today. Nifty may try to trade in direction today. Its a directionless market. So again advising to avoid trading in Nifty futures.Yes if trades low buy with a stoploss of 5545. But avoid heavy positions. Dont trade because you are feeling bored. Its a bad habit...........
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