luckylad
30-03-2009, 05:45 PM
Dear Sir,
Kindly see your following message.
NIFTY PUT APR 3000 (BUY) 87 - 91 (Target1) 101 (Target2) 112 (Sl) 77 (BUY ONE LOT)
The Nifty Put 2900 Apr reached our buy levels of 87/-and made high of 109.9/- at 11:20 hrs, just short of target 2 of 112/- and made profit of 14/- per lot at Tar1.
Profit for the day = 101-87 = 14 X 1(50) = 700/-
In this call, you claim profit of 700 rupees. But, actually, it should be 101-91 = 10 x 1(50) = 500 rupees.
The reason is you have given a range of 87-91. So, if the price is to come from the higher side, it will first reach 91, so immediately our buy price is triggered. In fact, that is what happened in the above call.
Othrwise, your call is good. thanks.
Kindly see your following message.
NIFTY PUT APR 3000 (BUY) 87 - 91 (Target1) 101 (Target2) 112 (Sl) 77 (BUY ONE LOT)
The Nifty Put 2900 Apr reached our buy levels of 87/-and made high of 109.9/- at 11:20 hrs, just short of target 2 of 112/- and made profit of 14/- per lot at Tar1.
Profit for the day = 101-87 = 14 X 1(50) = 700/-
In this call, you claim profit of 700 rupees. But, actually, it should be 101-91 = 10 x 1(50) = 500 rupees.
The reason is you have given a range of 87-91. So, if the price is to come from the higher side, it will first reach 91, so immediately our buy price is triggered. In fact, that is what happened in the above call.
Othrwise, your call is good. thanks.