Monday, January 4, 2010

Followup of nifty tips for 04/01/2010

Nifty Future triggered buy and hit T1 and closed above T1 but failed to hit T2.

Buy Triggered at 5226 and hit T1 5240
So one lot booked from 5226 to 5240 =14x50 = Rs.700
Stop loss moved to buy price of 5226.
Nifty failed to hit either T2 or stop loss and closed at 5244.
So, assuming it was booked at 5244 for second lot
5226 to 5244 =18x50 =900

So nett profit for 04/01/2010 is 700+900= Rs. 1600

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