Tuesday, July 24, 2012

Sell Futures...Essar Oil

Sell Essar oil futures...Aug
Close 54.20. Lot 4000
Stop loss 56
Target - 53.70/53/Lower
Keep Track of daily stop loss in the comments to this post. Position must be exited when recommended or when stop loss is hit. The stop loss provided must be applied at all times. It is a regular stop loss and not closing basis stop loss.
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.  

4 comments:

  1. Close 49.45. Margin Rs. 43840. Close price below its min 5%ROI price of 54.2. You may exit today if not exited already or hold position with SL @53.4 for lower levels of 49/48/lower

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  2. Exited @ 47.90 (27 Jul). Profit Rs. 27600. ROI 62.95%

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