4th September 2009
Nifty Futures profit for 4th September 2009.
Nifty Futures opened at 4601.00.
This is between H2-H3.
We wait for price to come in range.
Soon price came in range H3-H4.
We go short below H3(4608).
our targets are H2, H1,.....
Our targets only till H1 are achieved and price reversed from 4583.
So we book profit at H1(4594) during return journey.
So profit = 4608 - 4594 = 14 points.
Now, buy triggered at H4(4629).
we keep targets of 0.5%, 1%, 1.5%, .....
1.5% = 4698.435 (achieved).
Nifty Futures made a high of 4712 and reversed.
During reverse our trailing stoploss gets hit at 1.5%.
So our profit = 4698 - 4629 = 69 points.
Total profit = 14 + 69 = 83 points.
Profit of 4000+ with one lot of Nifty.
Nifty Futures profit for 4th September 2009.
Nifty Futures opened at 4601.00.
This is between H2-H3.
We wait for price to come in range.
Soon price came in range H3-H4.
We go short below H3(4608).
our targets are H2, H1,.....
Our targets only till H1 are achieved and price reversed from 4583.
So we book profit at H1(4594) during return journey.
So profit = 4608 - 4594 = 14 points.
Now, buy triggered at H4(4629).
we keep targets of 0.5%, 1%, 1.5%, .....
1.5% = 4698.435 (achieved).
Nifty Futures made a high of 4712 and reversed.
During reverse our trailing stoploss gets hit at 1.5%.
So our profit = 4698 - 4629 = 69 points.
Total profit = 14 + 69 = 83 points.
Profit of 4000+ with one lot of Nifty.