Tuesday, March 22, 2016

SBI Still Swinging Up - Hold For Good Gains

In my yesterday's Post I had recommended you to buy SBI March Futures at the opening price available at market opening. I believe you would have bought at 196 or thereabouts.

If you have bought at 196, then you would be sitting on some unrealized profit. Today SBI March Futures closed at 197.65. One lot of SBI March Futures containing 2000 shares would have costed you about Rs 80,000/-

So your unrealized profit in today's trade from one lot of SBI would be (197.65-196= 1.65)X2000 = Rs 3300/-. Keep holding your position till given target of 202, which was mentioned in yesterday's post.

Keep enjoying the swing in SBI March Futures!