Thursday, May 10, 2012

Sell Futures...Tata Motors (Trade Closed)

Sell Futures...Tata Motors
Positional.
Close 291.25. Lot 1000
SL 303 closing basis.
Target- 285/280/lower.
Keep Track of daily closing basis stop loss in the comments to this post.Position must be exited when recommended or when stop loss is hit. 
There in no surety that all the recommended targets can be achieved. 
You may chose to exit after 5% return on investment is achieved or continue to hold position at your own risk.

13 comments:

  1. Maintain Closing basis Stop loss @ 301 for today.

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  2. Tata Motor fut CMP 272. Book profits once and we shall enter again at higher levels.

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  3. Tata Motors sold @ 301, covered @ 272. Profit so far Rs. 29000. ROI 56.67%(Margin 51170 @ ICICIDirect) in 6 days. We shall take position again in this at higher levels, with new targets.

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  4. Sell Tata Motors Jun futures now. CMP 272.10

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  5. Jun futures shorted @ 276 today.Close 272.65.

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  6. Maintain SL @ 284 closing basis for tomorrow.

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  7. Jun fut CMP 259.20. Book profits once and re-enter at higher levels. Small 1-2 Rs. uptick possible in TATA Motors now. Short @ 276 yesterday.

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  8. Profit booked @ 259.20. Profit Rs. 16800. Total Profit so far on this trade - Rs. 45800. Return on Investment on original margin of Rs. 51170 is now 89.50%. Now we are again short @ 265. Maintain stop loss @ 264 for now. CMP 262. Now we protect profits by maintaining tight stop loss.

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  9. Tata Motors futures CMP 261.35. Book all profits now. Will take a fresh look on Monday.

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  10. Another profit of Rs. 3650 (sold 261.35 today) booked. Total profit on this trade Rs. 49450. This is 96.63% ROI in 1 week (5 days. Hurray.....

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