Posted by: Babu Suresh | March 2, 2012

Nifty Day Trading-Final Part-02-03-2012

Not a bad day after all. I did not attempt any other trades after my first trade with JSWSTEEL. I did not have the same conviction that I had with JSWSTEEL in the morning and therefore, decided not to make any further efforts looking for a trade. On the whole it was a testing session for both long bulls and short bulls, especially for those who take direction from SINGAPORE, HONG KONG, CHINA, LONDON, BERLIN and etc. I don’t know if there are any other markets our traders follow to trade here.

What I notice from the charts with larger time frames is that there is hardly any strength with which they are trading and therefore it is advisable to exercise caution on overnight positions.

Presenting my final charts of STATE BANK OF INDIA and JSWSTEEL with HMA-Bollinger Bands Day Trading System for your understanding.

STATE BANK OF INDIA (SBIN)

SBIN1_020312

JSWSTEEL

JSW Steel1_020312

Healthy And Wealthy Trading

Healthy And Wealthy Weekend

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