Monday, October 8, 2012

Sell Union Bank Futures


Sell around 210-205
Stop Loss - 217
Target - 202/200/Lower
Lot 1000. Last close 202

Click for UNION 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 it trades below the sell range, no position taken.

    ReplyDelete