After a long time we have initiated a buy position in NF. As expected,yesterday did turn out to be the last trade of trade 1. We clearly made 650points in our single trade in less than a month. The return on capital on a margin of 40% would be 32.5%. We are now long at 4922 with current Stoploss and reverse at 4816.
Generally after such a long trend we wouldnt be followed by a major trend. Lets see how it pans out this time.
23rd August Long Nifty at 4922
24th August Stop Loss and Short at 4816 (on close).
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Trade Book since inception
| Trade | Buy | Sell | Buy Date | Sell Date | Capital Deployed | % Return |
| 1.Short | 4922 | 5572 | 23/08/2011 | 27/07/2011 | 100000 | 32.5% |
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