If you are sure about some market movement, like if you know certain important support resistance levels, you can make huge amount of money even if you have small capital (INR 15,000). Here is my personal experience, I had only INR 15,000 but i know that 5180 was strong resistance and nifty future should be shorted there for sure shot gain of 50 to 70 points. I patiently waited for nifty future to trade around 5170 level; once it came there I shorted nifty future 5 lots (250 Quantity), as my offline broker gave me that limit for intraday. After making high of 5176 nifty future attracted huge amount of selling and traded at 5109 in few minutes. At this point of time I booked profit on all 5 lots (Squared off trade).
Profit from this trade was: Sell at 5170, buy at 5110 Gain = 60 points.
Now, total profit is 60*250= INR 15,000 (Without Brokerage and tax). I just doubled my trading capital on one trade.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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