Friday, October 9, 2009

So Futures It Is - Day Trade FOr 09 Oct

In my last post on 08 Oct 09 before Indian market opening, I had recommended three future stocks for day trading. Two were on the buy side and one was a sell. The report card reads like this:-

Ambuja Cement. Recommended sell at 96.25 or 100. No trade, so no profit no loss.

ICSA. Recommended buy at 206 to cover at 210. Trade took place but cover target not achieved. The position closed at 205.5 and therefore a loss of Rs 600 (lot size 1200).

BHEL. Recommended buy at 2470 with target of 2500. Trade took place and target achieved with a profit of Rs 4500 ( lot size 150).

Net Profit Rs 3500 approx after taking into account brokerage.

Day Trade Recommendations For 09 Oct 2009

Buy HDIL Oct Fut at 357 for target of 375/386.

Buy Nagar Const Oct Fut at 164 for target of 169/172.

Buy Canbk Oct Fut at 343 for target of 352/358.

Buy ICSA Oct Fut at 205 for target of 211/214.