Tuesday, August 21, 2012

Sell Futures...Bharat Forge


Sell around 295.50/294
Stop Loss - 302.
Target - 294/292/Lower
Prev Close 295.10. 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.

3 comments:

  1. Close 291.60. Margin Rs. 50575. Move SL to 300 and hold position for lower levels 290/288. Else you may exit tomorrow (if not exited already)as current close is below our min 5% ROI price of 294.70

    ReplyDelete
  2. Position covered @ 275(28 Aug). Profit Rs. 22500. ROI 44.48%

    ReplyDelete