Posted by: Babu Suresh | February 29, 2012

Nifty Day Trading-29-02-2012

Good morning to my fellow day traders.

Attaching the image of State Bank Of India (SBIN) charts taken at 10.47 with HMA-Bollinger Band Day Trading System in action for your understanding. I have also highlighted NO TRADING ZONE in the chart.

Since morning I managed to get 2 trades, one long from JSW Steel and another from State Bank Of India, which was a short trade.

SBIN_290212

If this system were to be an ATM, I would bet it would have obviously advised to go long because all the rules pertaining to a long trade were in place but on the contrary it was the other way round. While I am writing this post, SBI has already made day’s low.

Rest in my final post.

Healthy And Wealthy Trading

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