How profits are calculated?
Profits are calculated differently for Indian and US markets, primarily because in latter reliable real time option prices are not available.Hence profits are taken as profits on $5 mini dow options or $10 mini nasdaq with 50% of change in dow or nasdaq being used (times $5 0r $10) to indicate profits. In Indian case since option premium values are easily available on NSE and brokerage sites, profit calculation is straightforward.Further brokerage costs is built in previous while Indian case, Rs 2 is charged per brokerage for intra day and Rs 4 if trade is beyond one day.
Edited: ( Further in first case while actual trading profist may be and wil be different from calculated here, Indian case they will/should correspond exactly)
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NO Indian market Prediction will be available tommorrow. However prediction for US market may be given