Sunday, August 19, 2012

Sell Futures...United Phosphorus

       Sell around 115.5/114.50
Stop Loss - 120.
Target - 114/113/Lower
Prev Close 115.30. Lot 2000

  • 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. Sold @ 115. Closed 111.90. Margin Rs. 39100. Todays closing price is below our min 5% ROI price of Rs. 113.90. Exit positions tomorrow, if not exited already. Else hold positions for lower levels of 111/110/Lower with SL @ 117.80

    ReplyDelete
  2. Covered @ 108 (22 Aug) Profit Rs. 14000. ROI 35.80%

    ReplyDelete