Indian Markets Stock Futures Trend Update - 24 August 2010

Posted by A J at
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7 comments:

  1. gauresh59Tuesday, August 24, 2010 8:24:00 AM

    Dear Friends,

    Here is the link for MySAR_A levels to be used on 24th Aug.


    http://www.4shared.com/document/3qHszigb/MySAR_A__Future_for_24th_Aug_.html


    The file is in Excel form containing various sheetsNow you have to download only one file to view the data of various scripts.

    (1) The first sheet explain My Trading Technique in detail. (2) The second sheet contains MySAR_A levels to be used on 24th Aug. (3) From third sheet onwards, all sheets shows MySAR_A levels for last 15 days so as to view the trend of the script during the few days. And this will save us from catching the running train……………..

    To make trade plan easier one more addition has been done in MySAR_A sheet for Lot Size and Fund Requirement too. Moreover the same data has been also given in the respective script sheet.


    Bhartiatl today triggered for long trade at above 313 ran upto 319 and closed at 317. Watch it carefully………..

    Infosys triggered for long trade at above 2762 ran upto 2795 and closed at 2789. Watch it carefully……..

    RelCap which had triggered for long trade on 19th at above 753 today made another high of 788 and it closed at 784. Congrats to positional long traders……..Watch it carefully…….

    RELInfra today triggered for short trade at below 1056 declined to 1045 and closed at 1048. Watch it carefully………

    BPCL today made another high of 781 and closed at 777 giving 77 points to positional traders. Congrats to positional long traders……….

    MM opened above MySAR_A level of 617 ran upto 635 and closed at 625. Watch it carefully……….

    As usual Tisco ran up to 529 but could not sustain there at resistance level and declined to 523…......Watch it carefully….above 529-530 level……..and below 519-518………..


    Script to watch today : Bhartiatl, DLF, HDFC Bank, Infosys, LT, Maruti, Rcom, RelCap, RELInfra, Sterlite, Tatapower, Tisco, M&M, Sail,


    Three Thumb Rules :

    (1) Always trade only at the levels given.

    (2) Keep booking profits without missing a winning opportunity.

    (3) And once in profit, trail stop loss to the entry level to protect the capital funds.


    Wish you all happy and profitable trading day…….


    -gauresh59

    ReplyDelete
  2. ramsfmTuesday, August 24, 2010 9:17:00 AM

    Dear Anuj,

    Can you have a look on HDIL and let me know is it okay to short at present level...

    It is trading just below DHEMA, Wanted to be on short side at this higher level instead of long..

    Thanks,
    Ramesh.

    ReplyDelete
  3. A JTuesday, August 24, 2010 10:26:00 AM

    Hi Ramesh,
    HDIL August futures is trending up with 286 as stop
    So short position should be initiated only after 286 is breached, preferably on a pull back after 286 is breached
    Regards

    ReplyDelete
  4. ramsfmTuesday, August 24, 2010 10:33:00 AM

    Thanks Anuj...

    I already shorted @298.50 in Sept series and holding now...

    Now it is trading near DLEMA and placed TSL@293.50..

    Thanks,
    Ramesh.

    ReplyDelete
  5. A JTuesday, August 24, 2010 11:27:00 AM

    Ok...that's a good trades
    good luck :)

    ReplyDelete
  6. ramsfmTuesday, August 24, 2010 12:30:00 PM

    Dear Anuj,

    Covered my short on HDIL@288.50 with 10 points intraday gain..

    Would you suggest to re-initiate again on bounce because it exactly touched low of SAR 286 and bouncing now..

    ReplyDelete
  7. A JTuesday, August 24, 2010 1:05:00 PM

    yes Ramesh can be shorted on a pullback of 5-6 points

    ReplyDelete

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