Before markets opened, I gave a call for action in this post. Out of our 8 buy positions of Apr Futures held, 7 buy positions were listed in this post for selling, with modified targets.
Out of 7 buy positions recommended for selling, 4 scrips met their target in trade today. Let us calculate profit generated from these 4 Futures contracts.
April Futures Contracts Bought on 4 Apr 2016, Sold Today ( Check post here )
IOB : Lot size= 14000, BP = 30, SP = 32.
Holding Period = 11 trading sessions
Profit = (32-30= 2) X 14000 = Rs 28000/-Capital invested for 1 lot = Rs 77000/-
Return on Investment ( in 11 days) = 36%
PNB : Lot size= 4000, BP = 87, SP = 91.
Holding Period = 11 trading sessions
Profit = (91-87= 4) X 4000 = Rs 16000/-
Capital invested for 1 lot = Rs 66000/-
Return on Investment ( in 11 days) = 24%
SBI : Lot size= 2000, BP = 195, SP = 200.
Holding Period = 11 trading sessions
Profit = (200-195= 5) X 2000 = Rs 10000/-
Capital invested for 1 lot = Rs 70000/-
Return on Investment ( in 11 days) = 14%
April Futures Contracts Bought on 5 Apr 2016, Sold Today ( Check post here )
RPOWER : Lot size= 12000, BP = 50, SP = 53.5.
Holding Period = 10 trading sessions
Profit = (53.5-50= 3.5) X 12000 = Rs 42000/-
Capital invested for 1 lot = Rs 96000/-
Return on Investment ( in 10 days) = 43%
After squaring off 4 long positions today, we are left with 4 more long positions in Apr Futures. Fresh targets for these remaining 4 Futures positions will be given on Monday morning before markets open. So keep watching this space..
Consider This Carefully
Realize the astounding power of Stock Futures Trading in generating wealth. Do not keep yourself away from futures trading for any reason. Dump your inhibitions and jump on the bandwagon!!
I will guide you from very basics, provided you seek my help. Feel free to air your opinion or seek clarification through comments section at bottom of the post.
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