Posted by: Babu Suresh | March 27, 2012

March 27, 2012 Nifty Day Trading

Be pleasant until ten (nine)o’clock in the morning and the rest of the day will take care of itself.  ~Elbert Hubbard

So, at last its all about GAAR that has been keeping our market on the edge, at least so to speak.

For me it was very much similar to yesterday’s opening except for I first grabbed the chance to score 7 points from JSWSTEEL- Long and then went Short on JUBLFOOD at 1115.50 and closed at 1102.50. The second short trade lasted for a while but it was at the end worth waiting. With those two trades I quit for the day.

It is note worthy to mention, one of my very close friends-a staunch critic of mine from Mumbai, opined that my market related posts are not that informative and exciting for traders as it used to be before. I fully agreed with him and told him I changed my attitude and approach because the whole purpose of this entire blog is to serve me first, to help me learn, improve my trading and, to understand myself with respect to every trade that I am making. I am neither excited nor interested nor inclined to write the same material that is available in other websites just for the sake of attracting more visitors. Besides, I learned from my experience that many traders are more interested to know what will happen tomorrow than what and how to do today and I don’t know what will happen tomorrow or the day after. Even if I know, I am not interested in it. Of course I do rarely write cautioning the traders about the market.

Anyone stumbles on my site, finds my system and my methodologies, especially my “Man and Profit Management” useful and pragmatic and seeks my help to fine tune their day trading, I would be all the more willing to do the same. In future I may charge for my time and my services but as of now I am more focussed on my personal trading and spending more time with my wife and my parents after the market. In fact, since last month to my great surprise many traders approached me to learn about my HMA-Bollinger Bands Day Trading System, I did help them and beginning to get positive feed back from some of them.

Presenting here my usual intraday and daily charts with HMA-Bollinger Bands Day Trading System for your information.

Intraday Charts –  27–03–2012





Daily Charts –  27–03–2012

Nifty Spot

Nifty Spot_270312





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