Based on the calculator developed by us we traded in 2 Lot NIFTY and 3 Lots Bank Nifty and made Rs. 4200/- plus intra-day gains.
NIFTY Levels Based On First 30 Minutes High and Low figures
Based on above table we knew than, on down side 5906 is going to be a major support point and when NIFTY came down to a level of 5908 we bought two lots. We also knew that 5923 is going to be a major resistance point. We exited at 5926.
We made 18 points in this trade close to Rs.1800/- profit.
Bank Nifty Figures based on first 30 minutes High and Low figures
Based on above table we knew that if Bank NIFTY trades above 12374 its a strong buy with 12337 as stop loss we took long positions at that level and when Bank NIFTY came down we averaged keeping 12337 as stop loss. Our average buy level for 5 Lots of Bank NIFTY came to 12355. Crossing our Buy level of 12374 and our 1×3 and 1×2 target we decided to book profit. Our average sell price is 12388.
We made close to 33 points in the trade a profit of Rs. 4125/- .