How to invest 40 lakhs in equity, FnO, commodities etc. Part 2

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saivenkat

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Sexy Sir, 1/3 of your average price of 6000 CE.....it closed around 23 yesterday........:eek::sos:
ST.. is deep pocketed and experienced.. he could manage..even if he is loss.. he would find means to come out easily..

But this wont suit for us .. ravi bro.. what you say..:)
 

prabhsingh

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ST,

I dont understand on what basis you can be so much optimistic on budget.I am not denying the fact that if key steps are laid down by FM to reduce deficit then market can give a spike but thats speculative at this point of time.
 

SexyTrader

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ST,

I dont understand on what basis you can be so much optimistic on budget.I am not denying the fact that if key steps are laid down by FM to reduce deficit then market can give a spike but thats speculative at this point of time.
Yes I agree, but I averaged out the 6000 CE by buying when it comes down....and today again I bought some lots of this 6000 CE at 25/-

So my net average price is 45/- now! :thumb: and my revised profit-booking target is 90/- ! :) DOUBLING...now I guess 90/- is possible maybe! ;)

I have hedged the 6000 CE against SHORTING lots of Cairn(Fut) maybe will come down to 298/- so the risk is somewhat taken care of :thumb:
 

prabhsingh

Well-Known Member
Yes I agree, but I averaged out the 6000 CE by buying when it comes down....and today again I bought some lots of this 6000 CE at 25/-

So my net average price is 45/- now! :thumb: and my revised profit-booking target is 90/- ! :) DOUBLING...now I guess 90/- is possible maybe! ;)

I have hedged the 6000 CE against SHORTING lots of Cairn(Fut) right down to 298/- so the risk is somewhat taken care of :thumb:
I also think time has come when can buy as many lots as one can for LT Feb Call for 1450 series.What do you think?
 

SexyTrader

Well-Known Member
I also think time has come when can buy as many lots as one can for LT Feb Call for 1450 series.What do you think?
I have to check on LT :) Will check and then be able to tell you what I think.

But LT in my opinion is a stock for the long term, coz its available really cheap now is what I feel. When this rocks, its going to make all those who hold delivery...enough for one's retirement :D
 

SexyTrader

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Today....Bought some more lots in 6000 Ce at 18/- to average out and got my total price down to 31.50/-

So right now my average buying price for 6000 CE is 31.50/- and I'm looking to profit book at 63/- :thumb:

As long as Nifty-spot stays above, its all fine :) And for risk managing, I have a SHORTING on in Cairn(Fut) to hedge!
 
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