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Nifty Future tips for May 28, 2012

nifty future calls
nifty futures

BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE.

In all of my years as a trader I never traded more than a 50 lot on any individual trade. Sure, I would have liked to be able to trade like colleagues in the pit who were regularly trading 100 or 200 lots per trade. However, I didn’t possess the emotional or psychological skill set necessary to trade such big size. That’s OK. I knew that my comfort zone was somewhere between 10 and 20 lots per trade. Typically, if I traded more than 20 lots, I would butcher the trade. Emotionally, I could not handle that size. The trade would inevitably turn into a loser because I could not trade with the same talent level that I possessed with a 10 lot.

Nifty Future

(Updated on 28-05-2012 Time 8.30 AM)

As our projection, we have indicated again and again that markets were over sold

for quiet a long time and any short at lower levels might trap traders.

NF has intraday support at 4897-4873.

Trading above 4931-4938 with volumes may take it to 4978-4996 area.

Where it may face hurdle

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