Look at this plan. The shares are mini nifty traded on the National Stock Exchange – NSE. The trading lot is one lot of 20 shares. The approx margin is about Rs.10000.
The plan is as follows:
- Buy when the open of current day is greater than open of previous day.
- Buy at the closing price when the market is closing.
- Place a sell order the next day at buy price + 50 basis points
- Place a stop loss order the next day at buy price – 25 basis points.
Remember no plan or strategy is fool proof and will give profits always (TDO= ToDay’s Open; PDO=Previous Day Open)
|
Date
|
Open
|
High
|
Low
|
Close
|
TDO-PDO
|
signal
|
date
|
buyprice
|
date
|
sellprice
|
Net
|
stoploss=bp-25
|
bookprofit=bp+50
|
|
24-Nov-08
|
2690.00
|
2745.00
|
2638.00
|
2718.15
|
|
|
|
|
|
|
|
|
|
|
25-Nov-08
|
2780.80
|
2800.00
|
2641.10
|
2656.70
|
90.80
|
buy
|
25-Nov-2008
|
2656.00
|
26-Nov-2008
|
2706.00
|
1000.00
|
2631.00
|
2706.00
|
|
26-Nov-08
|
2680.00
|
2778.60
|
2653.00
|
2767.05
|
-100.80
|
|
|
|
|
|
|
|
|
|
28-Nov-08
|
2728.00
|
2797.80
|
2710.00
|
2770.35
|
48.00
|
buy
|
28-Nov-2008
|
2770.00
|
1-Dec-2008
|
2820.00
|
1000.00
|
2745.00
|
2820.00
|
|
1-Dec-08
|
2781.00
|
2843.60
|
2665.00
|
2678.50
|
53.00
|
|
|
|
|
|
|
|
|
|
2-Dec-08
|
2608.00
|
2664.90
|
2566.00
|
2652.45
|
-173.00
|
|
|
|
|
|
|
|
|
|
3-Dec-08
|
2681.90
|
2689.90
|
2601.10
|
2654.85
|
73.90
|
buy
|
3-Dec-2008
|
2654.00
|
4-Dec-2008
|
2704.00
|
1000.00
|
2629.00
|
2704.00
|
|
4-Dec-08
|
2668.00
|
2805.00
|
2641.60
|
2795.75
|
-13.90
|
|
|
|
|
|
|
|
|
|
5-Dec-08
|
2790.00
|
2822.90
|
2694.00
|
2711.00
|
122.00
|
buy
|
5-Dec-2008
|
2711.00
|
8-Dec-2008
|
2807.00
|
1920.00
|
2686.00
|
2761.00
|
|
8-Dec-08
|
2807.00
|
2877.90
|
2766.50
|
2791.45
|
17.00
|
buy
|
8-Dec-2008
|
2791.00
|
10-Dec-2008
|
2841.00
|
1000.00
|
2766.00
|
2841.00
|
|
10-Dec-08
|
2825.55
|
2946.80
|
2825.55
|
2936.95
|
18.55
|
|
|
|
|
|
|
|
|
|
11-Dec-08
|
2948.00
|
2952.40
|
2862.00
|
2928.05
|
122.45
|
|
|
|
|
|
|
|
|
|
12-Dec-08
|
2875.00
|
2939.00
|
2808.00
|
2922.20
|
-73.00
|
|
|
|
|
|
|
|
|
|
15-Dec-08
|
2700.00
|
3016.00
|
2700.00
|
2981.65
|
-175.00
|
|
|
|
|
|
|
|
|
|
16-Dec-08
|
2970.00
|
3068.00
|
2963.65
|
3047.35
|
270.00
|
buy
|
16-Dec-2008
|
3047.00
|
18-Dec-2008
|
3022.00
|
-500.00
|
3022.00
|
3097.00
|
|
17-Dec-08
|
3090.00
|
3090.00
|
2936.00
|
2948.60
|
120.00
|
|
|
|
|
|
|
|
|
|
18-Dec-08
|
2945.00
|
3090.00
|
2932.00
|
3076.50
|
-145.00
|
|
|
|
|
|
|
|
|
|
19-Dec-08
|
3061.20
|
3115.80
|
3037.00
|
3082.45
|
116.20
|
buy
|
19-Dec-2008
|
3082.00
|
22-Dec-2008
|
3057.00
|
-500.00
|
3057.00
|
3132.00
|
|
22-Dec-08
|
3085.00
|
3116.55
|
3025.25
|
3039.25
|
23.80
|
|
|
|
|
|
|
|
|
|
23-Dec-08
|
3024.80
|
3025.00
|
2960.10
|
2973.20
|
-60.20
|
|
|
|
|
|
|
|
|
|
24-Dec-08
|
2951.30
|
2970.00
|
2904.00
|
2913.90
|
-73.50
|
|
|
|
|
|
|
|
|
|
26-Dec-08
|
2951.85
|
2971.70
|
2856.00
|
2867.50
|
0.55
|
buy
|
26-Dec-2008
|
2867.00
|
29-Dec-2008
|
2917.00
|
1000.00
|
2842.00
|
2917.00
|
|
29-Dec-08
|
2861.00
|
2947.90
|
2818.00
|
2936.70
|
-90.85
|
|
|
|
|
|
|
|
|
|
30-Dec-08
|
2944.00
|
3011.00
|
2902.50
|
2985.70
|
83.00
|
buy
|
30-Dec-2008
|
2985.00
|
31-Dec-2008
|
2960.00
|
-500.00
|
2960.00
|
3035.00
|
|
31-Dec-08
|
3004.90
|
3010.50
|
2937.70
|
2964.60
|
60.90
|
|
|
|
|
|
|
|
|
|
01-Jan-09
|
2980.00
|
3051.00
|
2973.10
|
3043.85
|
-24.90
|
|
|
|
|
|
|
|
|
|
02-Jan-09
|
3069.00
|
3091.40
|
3021.10
|
3053.50
|
89.00
|
buy
|
2-Jan-2009
|
3054.00
|
5-Jan-2009
|
3104.00
|
1000.00
|
3029.00
|
3104.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Returns
|
|
6420.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 
