Monday, May 4, 2009

Nifty (Futures) Intraday Analysis for 4th May 2009

After a good long weekend, market opened +137 points up due to very strong global conditions leaving big Gap. Nifty gave good break out of the ascending triangle which i have posted on Nifty (Futures) Analysis on Short Term

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


My Trades:
  • Long triggered at 3643 when pivot high is broken.
  • Closed long at 3651 at 3:20 PM.
  • Only 8 points profit in today's trade.

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