SRK TRADING CALLS: PERFORMANCE OF NIFTY FUTURES IN MAY MONTH

GOLDEN TIP FOR BEGINNERS

WHEN A INDEX OR SCRIP OPEN ,LOW ARE SAME AND HIGHER THAN PREVIOUS CLOSE {REMEMBER MUST BE HIGHER THAN PREVIOUS CLOSE} , THEN DON'T SHORT THAT SCRIP WHERE AS IN OTHER WORDS , YOU CAN TRY LONG IN THAT COUNTER

&

WHEN A INDEX OR SCRIP OPEN,HIGH ARE SAME AND LOWER THAN PREVIOUS CLOSE {REMEMBER MUST BE LOWER THAN PREVIOUS CLOSE} THEN DON'T GO LONG IN THAT SCRIP WHERE AS IN OTHER WORDS , YOU CAN TRY SHORT IN THAT COUNTER

DISCLOSURE:- THIS IS MY PRACTICAL OBSERVATION IN MY TRADING JOURNEY AND I PUT THIS AS A THEORY FOR MY OWN TRADES , THIS IS NOT ANY ONE'S , OR NOT WRITTEN IN ANY TECHNICAL BOOKS
SOME COPY CATS COPYING THIS
TOTAL SENTENCE TO THEIR BLOGS OR WEBSITES
SO, IT IS YOUR RISK IF U DO ACTIONS ON THIS THEORY

Monday, May 31, 2010

PERFORMANCE OF NIFTY FUTURES IN MAY MONTH

Hi friends,

Nifty futures moved from 5245 to 4977 & from 4977 to 5216 & from 5216 to 4765 & 4765 to 5071 in May month a Swing of 1264 points

We managed to catch all swings in this month and we got a profit of 1119 points
By trading 1 lot a profit of 55950 in May month

For 1 lot needs a margin of 30000 according to the broker
Now look into following tables to know details : -
PERFORMANCE OF MAY MONTH :-

DATE	PROFIT	LOSS
May
5/3/2010	40
5/4/2010	43
5/5/2010	50
5/6/2010	28
5/7/2010	85
5/10/2010	100
5/11/2010		34
5/12/2010	79
5/13/2010	NPNL
5/14/2010	105
5/17/2010	60
5/18/2010	117
5/19/2010	115
5/20/2010	55
5/21/2010		11
5/24/2010	80
5/25/2010	48
5/26/2010	46
5/27/2010	29
5/28/2010	NPNL
5/31/2010	84

	1164	45

Note : Any given day if the profit is less than 15 points I hv not considered tat as kept a rule of 15 points for profit stoploss

Note : NPNL stands for No Profit No Loss Day & Sideways stands for not giving any chance for trading according to levels