Nifty opened gap down below the trigger price so no trade initiated. It moved up and again moved down to trigger the sell price and almost hit T1, 5176.10 was hit in nifty and mini nifty hit 5176. We will consider this as T1 hit. One bit of advise for people using these levels is to have some 15 to 20 paisa or some odd number for booking instead of rounded figures.
Then stop loss for the second lot was moved to sell price of 5194 and SL was hit.
One lot from 5194 to 5176 =18x50 =Rs. 900
Second Lot SL moved to cost and SL triggered.
Nifty moved up and broke the buy above trigger and hit T1 and closed above T1 at 5243.
One lot from 5226 to 5241=15x50=Rs. 750
Second lot from 5226 to 5243=17x50=Rs. 850
Nett profit 900+750+850=Rs. 2500
Nett profit for 13/01/2010 using the nifty tips provided is Rs. 2500/= (Using the suggested 2 Lots)
