SRKNIFTY: NIFTY FUTURES TRADING IDEAS OF 16TH SEPTEMBER 2011

Thursday, September 15, 2011

NIFTY FUTURES TRADING IDEAS OF 16TH SEPTEMBER 2011

NIFTY FUTURE OPENED BETWEEN 1ST SUPPORT & 1ST RESISTANCE AND WE DID SCALP SHORT FOR A PROFIT OF 45 POINTS EVEN THOUGH SHORT NOT INITIATED AS PER LEVELS, AND LONG TRADE GIVEN 30 POINTS TWICE AND HITTTED 15 POINTS SP FOR OUR PSG CLIENTS, LATER LONG GIVEN A PROFIT OF 68 POINTS BY REACHING ALL TARGETS AND SHORT GIVEN A PROFIT OF 25 POINTS AND HITTED SP OF 15 POINTS AND ZOOMED TO POWER LONG LEVEL AS WE GUIDED AS 5055 IS A STIFF RESISTANCE AND WITH OUT BREAKING DOWN IT’S ZOOMED TO 5100 LEVEL AS WE DID GOOD TRADE FROM 5055 TO 5100 LEVEL FOR A PROFIT OF 45 POINTS EVEN THOUGH POWER LONG TARGET NOT ACHIEVED WE DID SOME GOOD PROFITS IN THAT TRADE FOR PSG CLIENTS. FOR PGS {113 [45 + 68]} & PSG CLIENTS IT IS A PROFIT OF 203 POINTS [45 + 30 + 68 + 15 + 45]. WE DID GOOD PROFITS IN 5000 4900 PUTS IN MORNING SESSION AND IN 5000 5100 CALLS IN LATE SESSION. AS PER LEVELS IT ISA PROFIT OF 83 POINTS { 68 IN LONG + 15 IN SHORT }