Thursday, August 16, 2012

Buy Futures...Ranbaxy

Buy Ranbaxy Futures
Ranbaxy NSE
Close 512. Lot 500
Stop loss 498.
Targets - 514/516/Higher
Buy around 513-514.
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.

3 comments:

  1. Bought @ 510. Margin Rs. 35700. Current Closing price 516.35 is higher than our min 5% ROI price of 513.90. You may chose to exit position on Monday or hold for higher levels of 520/522/Higher with SL @ 500.

    ReplyDelete
  2. Exited @ 521. Profit Rs. 5500. ROI 15.40%

    ReplyDelete