Today's Trade (15/04/2020)
1. M&M – 8650 Profit 2. Nifty – 3000 Loss
Total Profit – 5,650 Net Profit/Lot
The stock was consolidating and made an intra-day resistance of 371.70. Therefore 371.80 was our entry point and also the breakout was with the support of good volume. Then it was noticed that again a small resistance was made at 380.45, therefore we took a safe exit at these levels.
After 11 am today the market was range bound and was trading between 9282-9204. Although, later Nifty gave a breakout on the down side but with low volume, therefore, couldn’t sustain those levels for long and Stop loss (SL) was triggered.
And later it was observed, Nifty again broke those levels and this time our target was hit but no call was given at this time.
ProCapitas Market Pro Division