Monday, October 8, 2012

Sell Allahabad Bank Futures


Sell around 152-149
Stop Loss - 155
Target - 148/146/Lower
Lot 2000. Last close 147.75

Click for ALLBANK FnO quote (c)

  • 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. Since this future traded below the sell price, no position taken.

    ReplyDelete