Nifty trade

Nifty had moved up the earlier significantly the earlier day. This led me to believe that today I should be bullish in my trade. I saw Nifty move up in the  morning and retrace back to 66% levels. But what signalled a buy decision was the sudden upwards movement of the stock in a bearish movement. After purchasing OTM options at 144, I had to wait for couple of minutes for the stock to form a base before climbing up.I put in a sale order at 150, modified it to 155 when the stock was going up and finally booked a profit when the first big red candle showed up on the minute chart. I sold at 150, while I saw a max of 152.75. I was more than happy to book the 600 rupee profit on 2 lots. The stock fell and did not recover till the evening.

Price = 144
Volume = 100
Investment = 14,400
Time held = 10.04 to 10.22 = 16 mins
Profit = 600
ROI = 4.16%
Capital = 100,000
ROC = 0.6%

Brokerage = 144
Service tax = 19.05
STT = 2.55
Total = 165.6

Net profit = 434.4