Today was a very tricky day for trading. Nifty opened gap down below our trigger price and then moved up and fulfilled our criteria and then moved down below the trigger and hit T1, on two occasions and then moved up after hitting T1 to hit the altered stop loss of cost price twice.
Third time also it triggered the sell below price, but I cautioned to avoid the trade or to exit the short if taken already on the chat, it went up to 5019 and then came back down to 4998 and then moved up sharply.
Fourth time it triggered the sell below price and settled down at 4992.
Nifty from 5000 to 4984 one lot =16x50=Rs. 800
stop loss for second lot moved to cost, and SL triggered after moving to cost for second lot.
Nifty from 5000 to 4984 one lot =16x50=Rs. 800
stop loss for second lot moved to cost, and SL triggered after moving to cost for second lot.
Third time, advised to exit short around 5004-5006 on chat, so Nifty from 5000 to 5006 two lots=6x100=Rs. 600 (Loss)
Fourth time, 5000 to 4992=8x100 (2 lots)=Rs. 800
So net profit for 25/01/2010 Rs. 800 +Rs 800 -Rs 600 +Rs 800=Rs. 1800 (If Traded using the suggested 2 lots of nifty)
