Followup of nifty future tips for 09/02/2010
Today was not the best of days, but still following a simple strategy pays.
Today market opened around 4760 and then drifted below the sell level and triggered the stop loss twice.
Nifty from 4751 to 4767 two lots=16x100=Rs. 1600
second time, Nifty from 4751 to 4767 two lots=16x100=Rs. 1600
Then, nifty triggered the buy above level and again triggered the stop loss.
Nifty from 4784 to 4767 two lots=17x100=Rs. 1700.
Then, nifty triggered the buy above level and reached target 1
Nifty from 4784 to 4802 one lot=18x50=Rs. 900
second lot stop loss moved to cost and stop loss triggered after moving to cost for second lot.
So net loss for 09/02/2010 using the tips provided is Rs. 3200+1700=Rs. 4900-Rs. 900=Net Loss of Rs. 4000/-
