Thursday, August 23, 2012

Buy Futures...Hindustan Petroleum


Buy around 311/313
Stop Loss - 300.
Target - 315/316/Higher
Prev Close 312. Lot 1000


  • 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. 
  • In case the contract price opens at or close to the target, wait for recommended buying price.
  • Avoid taking positions in first 5-10 min after opening. Place stop loss after 5 min of opening.

2 comments:

  1. Margin Rs. 52530. Min 5% ROI exit price 311.90 was done, position exited @ 315. Profit Rs. 6000. ROI 11.42%. Those still holding the position may exit today.

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