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
Thursday, July 1, 2010
PERFORMANCE OF NIFTY FUTURES IN JUNE MONTH
Hi friends,
Nifty futures moved from 4940 to 5129 & from 5129 to 4935 & from 4935 to 5379 & 5379 to 5240 in June month a Swing of 966 points
We managed to catch almost all swings in this month and we got a profit of 702 points By trading 1 lot a profit of 35100 in June month
For 1 lot needs a margin of 30000 according to the broker Now look into following tables to know details : - PERFORMANCE OF JUNE MONTH :-
DATE
PROFIT
LOSS
June
01-06-10
45
02-06-10
15
03-06-10
30
04-06-10
26
07-06-10
NPNL
08-06-10
66
09-06-10
30
10-06-10
22
11-06-10
15
14-06-10
65
15-06-10
38
16-06-10
32
17-06-10
106
18-06-10
15
21-06-10
50
22-06-10
15
23-06-10
26
24-06-10
41
25-06-10
64
28-06-10
34
29-06-10
67
30-06-10
58
Total
781
79
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
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