Thursday, July 15, 2010

Trading Stock Futures : Performance Update Mid July 2010

Last performance update of trading stock futures was published on 6th July 2010 in a post titled "Stock Futures: Performance Update For June 2010". In that post it was seen that we had achieved 100% result in June 2010 trading Stock Futures. That means all the four Buy trades which were closed in June gave profit. In June we had traded lightly because market conditions were not conducive for aggressive trading on any side, long or short. However we still managed to generate a profit of Rs 23317/- from these four successful trades.

July though is different. There were enough indications for markets to move northwards and so I had given  full throttle to initiating buy recommendations. Now mid way through July 2010, its time to generate a performance report to assess where we stand against all stock futures recommendations which have been executed so far. By the way, let me preempt the findings by disclosing that so far in July we have maintained the track record of June by delivering 100% success. Take a look at the details of trades executed in July 2010 in Stock Futures  recommended by me at http://www.stockezy.com/ :-

Aban July Futures(Long) :
Bought at 670 and covered at 890. Lot size = 250. Investment = Rs 33500/-.
Profit = 220x250= Rs 55000/-. Return on Investment = 164%

KS Oils July Futures(Short) :
Sold at 58 and covered at 57.25. Lot size = 4000. Investment = Rs 46000/-.
Profit = 0.75x4000= Rs 3000/-. Return on Investment = 6.5%

Aban July Futures(Long) Rolled Over From June Series :
Four lots bought at average of 864 and covered at 890. Lot size = 250. Investment = Rs 1,48,000/-.
Profit = 26x1000= Rs 26000/-. Return on Investment = 17.5%

Bajaj Hind July Futures(Long) Rolled Over From June Series :
Bought at 116 and covered at 118. Lot size = 2000. Investment = Rs 46,000/-.
Profit = 2x2000= Rs 4000/-. Return on Investment = 8.6%

GMR Infra July Futures(Long) :
Bought at 59.2 and covered at 60.2. Lot size = 4000. Investment = Rs 47000/-.
Profit = 1x4000= Rs 4000/-. Return on Investment = 8.5%

Bajaj Hind July Futures(Long) :
Buying at dips, investment of Rs 46000/- in this scrip was rotated by buying and selling four times between 1st July to 14th July.
Each time profit of 5500/-, 3400/-, 2000/- and 4400/- respectively could be realized.
Total Profit = 5500+3400+2000+4400 = Rs 15300/-. Return on Investment = 33.26%

Balrampur Chini July Futures(Long) :
Buying at dips, investment of Rs 67000/- in this scrip was rotated by buying and selling three times between 2nd July to 13th July.
Each time profit of 5400/-, 3000/- and 8000/- respectively could be generated.
Total Profit = 5400+3000+8000 = Rs 16400/-. Return on Investment = 24.4%

Cummins India July Futures(Long) :
Bought at 596 and covered at 602. Lot size = 500. Investment = Rs 59000/-
Profit = 6x500= Rs 3000/-. Return on Investment = 5.08%

McDowell July Futures(Long) :
Bought at 1296 and covered at 1310. Lot size = 250. Investment = Rs 64000/-.
Profit = 14x250= Rs 3500/-. Return on Investment = 5.4%

Patel Engg July Futures(Long) :
Bought at 417 and covered at 425. Lot size = 500. Investment = Rs 41000/-.
Profit = 8x500= Rs 4000/-. Return on Investment = 9.75%

Tech Mahindra July Futures(Long) :
Bought at 736 and covered at 760. Lot size = 250. Investment = Rs 37000/-.
Profit = 24x250= Rs 6000/-. Return on Investment = 16.2%

Bharti Airtel July Futures(Long) :
Bought at 273.5 and covered at 278.5. Lot size = 1000. Investment = Rs 54000/-.
Profit = 5x1000= Rs 5000/-. Return on Investment = 9.2%

JSW Steel July Futures(Long) :
Bought at 1075 and covered at 1084. Lot size = 250. Investment = Rs 53000/-.
Profit = 9x250= Rs 2250/-. Return on Investment = 4.2%

Renuka Sugar July Futures(Long) :
Bought at 70.1 and covered at 71.5. Lot size = 2000. Investment = Rs 28000/-.
Profit = 1.4x2000= Rs 2800/-. Return on Investment = 10%


Total profit from 01 July2010 to 14 July 2010 = Rs 1,50,250/-