NIFTY FUTURES TRADING IDEAS OF 9TH AUGUST 2011

NIFTY FUTURE OPENED GAP DOWN BELOW 2ND SUPPORT NEAR TO 1ST TARGET AND WE SHORTS FROM THE OPENING AND GOT A PROFIT OF 50 POINTS FROM 5110 AND GOOD PROFITS N 5000 4900 4800 PUTS FROM  OPENING ITSELF , LATER LONG INITIATED @ 1ST SUPPORT AND LONG NOT ACHIEVED ANY SPECIFIC TARGET, BUT GIVEN A PROFIT OF 25 POINTS AND HITTED SP OF 15 POINTS.  AS EOD BEARISH ZONE WE ADVISED ALL PGS & PSG CLIENTS NOT TO GO LONG AND WE PROTECTED THE PROFITS WHICH WE GOT IN SHORTS N IN PUTS. FOR THE DAY IT IS A PROFIT OF 88 POINTS FOR PGS & PSG  CLIENTS.  BY THE LEVELS IF IT S PROFIT OF 60 POINTS IN BOTH SHORTS N LONGS

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