Well, today no levels were posted and market opened gap up. On such days, there are levels which becomes active after open, because we don't know where the market will open with such overnight News. It is bit difficult to post after market open as focus is on trading.
I am Taking a look at performance during November.
NIFY - Total no. of Trades = 13, Winners - 10, NET 262 points.
Assuming a brokerage of 2 points and 2 point slippage on SL hit trades, NET profit is 230 points.
It is Rs. 11500 and the margin for one lot of nifty is around 25000. This means a return of 46 % for the month. Actually for intra day trades brokers usually demand half of the margin, but I do not recommend high leverage.
DLF Trades 15, Winners 10, NET 25.1 points.
Assuming a brokerage of 0.15 point and Slippage of 0.20 points on SL triggers, Net profit is 21 points. DLF futures lot size is 1000 and margin required is around 50000. This translates a net profit of 42 % for the month.
This is good returns, and one following these levels do not have to sit in front of the terminal for whole day. After the first few minutes of open one can decide on the trade and put orders, on most days. Only on days of breakout entries, one has to be more focused, that too normally for 30/60 minutes only.
I track 5/8 symbols daily for trading opportunities, but consistently trading a single symbol is more easier. So I am providing levels for a Futures symbol and another one for cash market levels because there are many traders who takes small position sizes in cash segment.
I am Taking a look at performance during November.
NIFY - Total no. of Trades = 13, Winners - 10, NET 262 points.
Assuming a brokerage of 2 points and 2 point slippage on SL hit trades, NET profit is 230 points.
It is Rs. 11500 and the margin for one lot of nifty is around 25000. This means a return of 46 % for the month. Actually for intra day trades brokers usually demand half of the margin, but I do not recommend high leverage.
DLF Trades 15, Winners 10, NET 25.1 points.
Assuming a brokerage of 0.15 point and Slippage of 0.20 points on SL triggers, Net profit is 21 points. DLF futures lot size is 1000 and margin required is around 50000. This translates a net profit of 42 % for the month.
This is good returns, and one following these levels do not have to sit in front of the terminal for whole day. After the first few minutes of open one can decide on the trade and put orders, on most days. Only on days of breakout entries, one has to be more focused, that too normally for 30/60 minutes only.
I track 5/8 symbols daily for trading opportunities, but consistently trading a single symbol is more easier. So I am providing levels for a Futures symbol and another one for cash market levels because there are many traders who takes small position sizes in cash segment.
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