Thursday, 9 May 2013

NF Intra Day Trade - 9th May

Nifty Futures opened at 6090 (also the high for the day) and gradually declined to 6048. A decline of 40 points looks like a "Missed" opportunity. Went long on NF @ 6058. NF reached 6085 and reversed and stopped us out @ 6069.9. Then NF traded between 6070 - 6080. Saw a sudden Sell-off late in the day to 6038 and back to above 6065 to close @ 6048.95. The late volatility it seems is trying to communicate something.  See U tomorrow.

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