After staying more or less flat for most part of the day, there was a sudden fall
due to profit booking. The situation was not helped by global cues, that were bad
all along. Although our market tried to jump back at the end, the closing was below
5000 for the NIFTY. More downside is in store, it seems.
In a day when everything was falling apart all around, 4 of our 'suggests' at
IntradayTrade dot Net managed to gain adequate profits today in
LONG — meaning, if you had invested 15000 today in any of these 4 'suggests'
going LONG in intraday trade according to our PricePoints, you would have made a
profit between 500 and 800 today. As we normally do, we have reported only the LONG
trades here. There were also many opportunities to go SHORT today as per our
PricePoints.
'Approx. 1st. Entry Point' is the price at which 'first' entry is made.
There can be more than one entry. Price for subsequent entries not shown.
'No. of Shares Traded' is calculated on 15k investment and 4x exposure (15000x4=60000)
normally allowed by online brokering houses for intraday trading.
'Approx. Profit per Share' is cumulative of all entries.
Figures within curly brackets {} stand for SHORT sell profits.
All figures are indicative only.
Profit figures given at our website are "estimates" only and do not take into account
brokerage charges and other operational costs. This is because these charges can vary
widely across the country and it will be misleading to give any one figure that is
applicable in any one region in India.