Wednesday, April 13, 2016

Urgent Action Required in Trade on 13 Apr 2016

Overnight US markets ended very strongly up, gathering +165 points.

Taking cue from US markets, Asian markets are presently trading in green, SGX Nifty is also up by 57 points as of publishing this post.

This means we can safely expect Nifty to open with a gap up today..We only hope that  gap up opening in prices are sustained during the entire day.

Urgent Action Required to be Taken Today.
Following buy positions of Apr Futures need to be squared off today when markets open:-

  1. Tatapower. Bought at 64. Initial target given was 70. Sell today at 69/70.
  2. Jindalstel. Bought at 62.5. Initial target given was 72. Sell today at 70/71
  3. Rpower. Bought at 50. Initial target given was 54. Sell today at 53/54

Talking about our 15 remaining Futures positions, here is the latest update:-

IOB : Bought 30,Close 30.15
ALBK:Bought 57,Close 55.7
IDBI: Bought 71,Close 69.45
PNB: Bought 87,Close 83.7
SBI: Bought 195,Close 188.2
UCOBANK: Bought 40,Close 39
CANBK: Bought 194,Close 189.8
KTKBANK: Bought 104,Close 104.8
SYNDIBANK: Bought 67,Close 68.15
BANKINDIA: Bought 98,Close 94.15
ORIENTBANK: Bought 94,Close 90
ANDHRABANK:Bought53,Close 52.9
HEXAWARE: Bought 268,Close 256.2

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