Wednesday, June 04, 2008

Final update: Trade 69 : Profit booked under Trailing Stop loss rule

June 4800 Puts premium now at Rs over 240. we believe that stop loss may have been hit at Rs 232 few minutes back when Nifty recovered about 25 points. Hence profit on 25 lots purchased at average price of 177.2 is about ( after deducting rs 2 brokerage per lot) is

Profit today=(232-177.2)*50*25- ( 25*2*50)= Rs 66000.

In real trade you may keep a few lots till next 1-2 days for better profits

 
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