Sunday, March 8, 2009

Friday's Intraday Action Of Nifty Futures!!!





Friday’s five minute intraday action was almost a replica of Thursday’s action in opposite. It was also a day where one did have a few good trades on the long side. The charts (Nifty Futures) below in order of appearance were the ones that I posted on flicker while I was trading. Thought would post them here in the blog for friends who would like to know that how the Support turns Resistance and vice versa can generate some good exits and entries



This is the first one which set the tone for the day;







This is the second one, a nice pattern play;







And finally the third one which is just to highlight the exact replica of moves in different directions;







"Little strokes fell big oaks." Benjamin Franklin



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