Tuesday, October 2, 2012

Sell LIC Housing Futures


Sell around 278-273
Stop Loss - 285
Target - 272/266/Lower
Lot 1000. Last close 274.50

Click for LICHSG 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.

2 comments:

  1. Sold @ 280 (4 Oct). Margin Rs 47600. Min 5% ROI exit price 277.40. Now trading @ 271.30. You may exit or hold positions for lower levels with SL @ 283.

    ReplyDelete
  2. Covered 269.5(6 Oct). Profit 10500. ROI 22.05 in 2 days.

    ReplyDelete