Sunday, 21 August 2011

Daily Update - 19th August

Today as per anticipation in pre market view, due to last trading day of week we have seen short covering rally in the morning session. Our trading entry points were 4830 for long and 4925 for a short.

We saw the rally begining from 4840 and lasts upto 4890.  Our trades didn't initiated.
Later during downfall we warned not to initite any long as it may be difficult to exit and we dont want to keep any open position for the weekend.

No trades done today. No open position.

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