Posted by: Babu Suresh | April 12, 2012

April 12, 2012 Nifty Day Trading

When you are day trading a particular stock, it is imperative and prudent to avoid looking at and tracking main index, say in our case Nifty or BSE Index. Because there are scores of subjects that do not follow main index’s movement, they have their own followers who decide the fate of these subjects based on their respective characteristics. Many a times in the past I allowed myself to get distracted by repeatedly committing this mistake by following Nifty Index after taking up a position. Nevertheless, there are exceptional circumstances in which everyone, irrespective of individual characteristics may either get boosted or get hammered.

I managed to score 26 points of JUBLFOOD from 2 trades; first one long and the second one short. Highlighted my entry points in my chart.

Jswsteel once again entered into messy zone, therefore totally avoided it. I would exercise caution on carrying my position over night.

Presenting my usual intraday charts with HMA Bollinger Bands Day Trading System for your reference.

Intraday Charts –  12–04–2012

JSWSTEEL

JSWSTEEL 120412

JUBLFOOD

JUBLFOOD 120412

State Bank Of India

State Bank Of India 120412

Healthy And Wealthy Trading

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