Wednesday, March 16, 2016

Take the Swing this Wednesday - Find the Most Eligible Candidate

Short term trading through the instrument of stock futures can be most rewarding and tension free if you can identify and trade the swing in prices. Swing trading can even allow you the liberty of trading without stop loss - provided you identify and join the swing at the appropriate time.

This Wednesday you can trade the swing in Bank Nifty. And the most eligible candidate in the banking counter is State Bank of India.

If you are going to trade March contract of SBI in NSE, then my suggestion is to buy in the range of 184/185 for a target of 190. SBI closed at 185.8 in yesterday's trade.

There is a caveat though. This trade in SBI Mar Futures needs to be initiated if Nifty opens flat or slightly positive. But in case Nifty opens deep in the red, then buy SBI Mar Future in the range of 181/182, target remaining the same.

Enjoy the swing!!!