Nifty could not hold onto any gains. What is more problematic is that we had reached 4650 odd in June. Today is feb, 9 months later we are still hovering around these levels. This does indicate that its very difficult making money in this type of a market. In such markets it makes perfect sense to trade, and trade in futures as you can take both directions.
I went long at 4712, however markets fell down and my stoploss got triggered at 4685. However when the markets immediately came up, I again went long at 4722, and covered at 4797. And glad I did it as markets fell down today.
Markets look weak and will look at a good chance to get in.
