Dear All,
I am new to this forum. I am trying to learn and frankly speaking learnt a lot about equities. But still confused about some aspects of nifty.
I want to know how profit is calculated in nifty. For a better understanding, suppose the below the scenario arrrives, how much can i gain or loose?
Scenario (say today-27-05-2009):
Prev Day's High - 4256.05
Prev Day's Low - 4092.25
Suppose, I buy 1 lot of nifty at 4150.00 and sell it at 4200.00. There is a difference of 50 points. How will I calculate my profit ?
Thanks in advance for taking your time out & replying.
Regards
Joy
I am new to this forum. I am trying to learn and frankly speaking learnt a lot about equities. But still confused about some aspects of nifty.
I want to know how profit is calculated in nifty. For a better understanding, suppose the below the scenario arrrives, how much can i gain or loose?
Scenario (say today-27-05-2009):
Prev Day's High - 4256.05
Prev Day's Low - 4092.25
Suppose, I buy 1 lot of nifty at 4150.00 and sell it at 4200.00. There is a difference of 50 points. How will I calculate my profit ?
Thanks in advance for taking your time out & replying.
Regards
Joy