Posted by: Babu Suresh | January 13, 2009

13th Jan. 09 – NSE Trading Session

I wish to convey my Healthy And Wealthy Pongal, Sankranti, Makar Sankranti and Lohri to all of you.

Its quite evident from the last few trading sessions, good amount of Short is building up in Nifty Futures. 
Although, Nifty Fut. closed with marginal discount due to short covering despite huge intraday dicount, the outlook for near term looks grim with the possibility of testing my important supports 2595 & 2502, unless there is some dramatic, unprecedented developments in the coming days.
Once again I would like to reiterate, this is an excellent market for day trading with right attitude, planning and stratagies.
Nifty Futures Tick Chart

Nifty Futures 1M Chart

Healthy and Wealthy Trading.


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