Stock FUTURES To Keep A Close Eye On

[nimish_rulz]

Horrible news if you hate tape reading or algorithmic trading:

http://www.ft.com/cms/s/0/aef1c188-fed6-11de-a677-00144feab49a.html

Source Financial Times.

 

[SavantGarde]

BUY KSOILS JAN FUT @ 74.80-75.00 Target 82.30 (Positional) Lot Size:5900

Happy & Safer Trading

SavantGarde

 

[rithikesh]

Entered KSOILS JAN FUT @ 75.20.

Savantji, How should I calculated S/L on daily basis?

My personal experience is that, If I use Low of prev day (little less than that) as S/L, then I get stopped out quite frequently, only to see that the price reverses.

Please guide.

-Ritesh.

BUY KSOILS JAN FUT @ 74.80-75.00 Target 82.30 (Positional) Lot Size:5900

Happy & Safer Trading

SavantGarde

 

[MurAtt]

I do not think you will need SL coz the reco is by SG himself :lol:

 

[rithikesh]

I do not think you will need SL coz the reco is by SG himself :lol:

This is so true SM'bhai.
That's why, I don't hesitate to take positions on SG calls. :thumb:
It's like, grab it when it comes.
But still, once in trade we need S/Ls.

 

[SavantGarde]

Hi Ritesh,

First Why Did You Enter @ 75.20 There Was Ample Opportunities After My Post To Have Entered @74.75-74.90

Just Because I Have Given A Call To BUY Doesn't Mean It Will Touch Target With 100% Certainty...That Is Why I Had Given The Range For Buying To Build Some Amount Of Safety Into The Position

Anyways, There Is Movement In The Counter...& Does Show Intraday Surge Of Rs.0.70-1.20....You Use The Surge To Exit And Re-Enter When It Retraces..That Way You Will Be Able To Build Reasonable margin Of Safety In A Few Days....For The Moment Keep 68.70 As S/L Or 5 Day Low...Whichever You Are Comfortable With.....

Sometimes...The Surge Is More Than The Range Indicated Above...If We Have Good Global Cues One May Witness A Bigger Range Tomorrow

Another, Peculiar Behaviour Which Happens Quite Often...Is It Moves Up When Market Is Going Down....Though Not Always....

If You Are Nimble Enough You Can Create An Extra 6-10 Bucks By The Time It Touches 82....Do Not Hesitate To Exit If You See More Than 4-5% Move On Any Single Day To Re-Enter At Lower Levels.

Happy & Safer Trading

SavantGarde

Entered KSOILS JAN FUT @ 75.20.

Savantji, How should I calculated S/L on daily basis?

My personal experience is that, If I use Low of prev day (little less than that) as S/L, then I get stopped out quite frequently, only to see that the price reverses.

Please guide.

-Ritesh.

 

[AlokTewari]

Ksoils

Hello,

SG is spot on. KSOILS has moved from 62 to 75 in last few days without any correction hence it is likely that some small correction will take place during next couple of days. I have been going in out of this future during this movement, however was not sure about the target. SG's target gives confidence to keep buying during reactions & sell during small rallies. I think above 76-76.5 it should breakout.

Cheers !!

Alok Tewari

 

[SavantGarde]

Hi Ritesh,

To Further Add To My Post below...Once You Sitting On Approximately...5 Bucks Profit....Then You See That You Don't Give Up More Than 40-50% Of Profit....That Should Protect Some Of Your Profit Going Forward...

It Is A Favourite Counter Of A Few...So Normally...These Traders...Short It If Opens With A Good Gap-Up...& Wait For It Retrace To Cover Their Short....But Usually Surges Around 3.20...& Then Retraces A Bit In The Last 10 Miutes Or So..

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

To All Those Who Have Kept A S/L In The System For KSOILS Jan. Future, It Is Recommended To Remove It From The System Or Else It Will Not Move...Since It Is A Low Volume Counter.

SavantGarde

 

[SavantGarde]

BTST

UNITECH - Entry Below 89.00
SUZLON - Entry Below 90.00
HCC - Entry Around 157.00

Happy & Safer Trading

SavantGarde