Sunday, June 24, 2012

Buy Futures...Biocon (Trade Closed)

Buy Biocon Futures. 
Close 232.75. Lot 1000
Stop loss 220.
Target - 235/237/Higher
This stock is likely to correct a bit in next 1-2 days. It is better to take position then.

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.  

8 comments:

  1. Today's close 231.65. Maintain SL @ 224 for tomorrow. If you intend to carry positions, roll over to Jul series tomorrow.

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  2. Position rolled over to Jul series. Now trading 234.

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  3. Exit position tomorrow if this stock opens below 238 in cash. Else hold with SL @ 231 for tomorrow.

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  4. Close 237.70. Exit positions today or hold with SL 233 for today.

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  5. Close 241.60. Move SL to 236. Targets 243/245/Higher. Enough profit on this position now. you may choose to exit or hold for higher levels.

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  6. Position exited @ 241.50 (6 Jul). Profit Rs. 11750. ROI 30.08% (Marin Rs. 39058 as per ICICIDirect)

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