Nifty Futures Profit for 12th Apr 2010.
WAP for Nifty Future at around 9:15 - 9:20 am was 5355.
After entering this value in
Gann Calculator we get the below calls
Sell triggered at 5347 in next 10 min.
Target 5331 got achieved soon. Within 3-4 min Nifty Futures touched a low 5322 and reversed back indicating buying pressure. So we square off at our target price 5331.
Now we enter 5331 in calculator and we get below signals
Recommendation:
Buy at / above: 5347.26 Targets: 5362.87 - 5381.19 - 5399.54 - 5417.93
Stoploss : 5329
Sell at / below: 5329 Targets: 5313.42 - 5295.2 - 5277.02 - 5258.87
Stoploss : 5347.26
Buy triggered at 5347 after few minutes.
Target 1 5362 got achieved soon.
But Nifty Futures could not sustain the price 5362 for more than 5 min and reversed from there indicating selling pressure.
So we square off at 5362.
So we make profit 2 times a day and still we have trading session left.
If calculate profit uptill now, then
Profit 1 = 5347 - 5331 = 16 point.
Profit 2 = 5362 - 5347 = 15 points.
Total profit = 31 points.
Still if we trade more, then more possibilites for profit.