Posted by: Babu Suresh | March 6, 2012

6th Mar Nifty Day Trading Session

Today’s session was a rare combination of opportunities given to both long bulls as well as short bulls. I managed to complete my trading within first 15 min. achieving my daily target and then onwards spent just watching the market.

The first trade was short on State Bank Of India, scored 24 points and then went long on JSWSteel scoring 6 points. Both the trades lasted less than a minute each and then called it a day. One of the rules that I am very much particular about, upon achieving my daily target I stop trading and spend the rest of the session observing. At times it happens in the first hour itself and sometimes like yesterday it takes some more time but, I never violate this highly essential rule, as a day trader.

Attached here are State Bank of India and JSWSteel charts with HMA-Bollinger Bands Day Trading System in action for your understanding.

STATE BANK OF INDIA (SBIN)

SBIN_060312

JSWSTEEL

JSW Steel_060312

Healthy And Wealthy Trading

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