Friday, October 16, 2009

Taking Stock : Day Trading Tips For 16 Oct 2009

With the market having closed for today, its time again to take stock of the day's trading recommendations given in the last post before the market opened ( ). Those who traded my tips would have realized handsome profit from today's trading. If you have benefited then my appeal to you would be to post your comment as also to join my blog as a follower. It will give me immense pleasure to know that there are retail investors who are making money from stock market based on my recommendations. So lets now start stock taking of today's proceedings :-

Nagarconst. Recommended buy price of 174 for Nagarconst Oct Fut was not met in trade today. So no profit no loss.

HDIL. Recommended buy price of HDIL Oct Fut was 378/379 . Supposing you bought at 378.5 then you would have covered the position at 398.5 (recommended sell price was 397/400).
Lot size = 774; Profit per share=398.5-378.5= Rs 20/-
Profit= 20 x 774 = Rs 15480/- less brokerage.

LITL. Recommended buy price of LITL Oct Fut was 531/532. Supposing you bought at 531.5 then you would have squared your position at 563 as per target given.
Lot size = 638; Profit per share = 563-531.5= Rs 31.5/-
Profit = 31.5x638 = Rs 20097/- less brokerage.

ICSA. Recommended buy price of 208/209 for ICSA Oct Fut was not met in trade today. So no profit no loss.

Total Net Profit = 15480+20097 = Rs 35577/- less brokerage = Rs 35000/-