Thursday, September 13, 2012

Buy Dena Bank Futures


Buy around 92.10-94.80
Stop Loss - 89
Target - 95/96/higher
Prev Close 93.05. Lot 4000

Click for DENABANK FnO quote

  • 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.

1 comment:

  1. Bought @ 95.35. Margin Rs. 72466. Min 5% ROI exit price 96.30. Position exited today @ 105. Profit Rs. 38600. ROI 53.26%

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