Wednesday, April 29, 2009

Nifty (Futures) Intraday Analysis for 29th April 2009

Nifty opened gap up due to strong global conditions and started moving up on the same positive note. Price entered in a channel and after some sideways move on low volumes, gave a break out and zoomed up till the end of the day.

Below is the Nifty Futures intraday chart on 5 min time frame:


My Trades:
  • Long triggered at 3428 when pivot high is broken.
  • Closed long at 3470 at 3:20 PM.
  • Total 42 points profit in single trade.

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