Day Trading Recommendations for 15 Oct 2009

With Asian markets trading in positive territory and US and European markets closed on strong bullish sentiment we are also expecting some decent up move for Indian markets today. In the back drop of this scenario , given below are some of the day trading picks for 15 Oct 2009:-

LITL. Buy Oct Fut of LITL at 534/535 for initial target of 553 and then finally 579.

HDIL. Buy Oct Fut of HDIL at 378/379 for initial target of 390 and then final target of 400.

Punjlloyd. By Oct Fut of Punjlloyd at 290/291 for initial target of 314 and finally 325.

Nagarconst. Buy Oct Fut of Nagarconst at 174/176 for initial target of 180, then 185 and finally at 190.

Happy Trading and Happy Diwali !!!

Sultans of Swing

On 12 Oct 2009 we started on our journey in swing trading through the blog post titled 'Swing Trade For 12th October' (http://archana-archdeb.blogspot.com/2009/10/swing-trade-for-12th-october.html). We still haven't completed that journey since I had suggested to hold the positions for 3/4 sessions and as of yesterday we had completed only two sessions. Today when the markets open in about a couple of hours time we will enter the 3rd trading session for our swing.

So what's the big deal to chronicle all this. There is reason because one of two open positions has already achieved its target. Oct Fut of Nagarconst was traded at the recommended buy price of 165.2 or at worst at 166. Target given was 179.5 for squaring off that position. In yesterday's trade the day high of Nagarconst was 179.5. Those of you who had bought this futures position would have closed your open position. This one position alone must have fetched you net profit of Rs 28000/- in 2 days.

But we still have one open position of Oct Fut in HDIL left. As per recommendation you would have entered trade at 358 and yesterday the position closed at 379.15. Target given for this scrip is 400. In all probability the target should be achieved in today's trading session. In case the scrip fails to reach 400 and you feel it is going to fall, then exit trade without hesitation. The arithmetic is simple. Even at yesterday's closing price you are making a profit of Rs 16000/- plus. Any time in today's trade you fear that the scrip might correct, or you are not feeling comfortable with its movement, just cover your position. You already are sitting in a neat profit of 28000+16000= Rs 44000/-. This profit has accrued in two trading sessions with capital investment of Rs 1.5 lakhs (approx). Wouldn't you agree that Nagarconst and HDIL have been Sultans of Swing!!

So all the very best in today's trading with the open position of Oct Fut HDIL. With global markets having closed in green and Asian markets presently trading also in green you should be able to add at least Rs 10000/- more to your existing profit of Rs 44000. Keep your eyes glued to HDIL.

Taking Stock:Day Trading Tips For 14 Oct 2009

In the last post on 13 Oct 2009, I had given some recommendations to buy Oct Futures on 14 Oct 2009. Now that the market has closed for the day its time to take stock of the day's happening vis-a-vis those recommendations. Throughout the day the market showed remarkable strength with Nifty closing 64 points up (+ 1.27%) and Sensex adding 205 points to yesterday's close i.e. 1.2% up. However even in this belligerent bullish mood, we found some sectors and scrips dipping into red, which was little disheartening. Be that as it may, let us now evaluate the performance of our day trading picks :-

HDIL. Buy for Oct Futures of HDIL was given between 369 and 376. Day low was 373.4, day high was 382.35 and it closed at 379.15. Since the lot size is 774, in the worst case scenario you would have made Rs 2438 (379.15-376=3.15x774=2438). And if you were lucky you would have made Rs 6000 plus.

Nagarconst. Buy price recommended was 165/167 but day's low was 169.1 and so there was no trade. No profit no loss!

LITL. Recommended buy price of 501/509 was not met in trade today since the day low was 516. Again no profit no loss!

Net Profit from day trading on 14 Oct 2009 ranged from Rs 2000/- to Rs 6000/-plus.

Day Trading Recommendations for 14 Oct 2009

If you have missed the boat on 12th October for swing trade then don't be disappointed much. Here I shall be providing day trading advice so that you may join the same trades on 14 October, in case you missed the 12th October swing. In addition I am also recommending something extra for day trading on 14 Oct 2009.

HDIL. Buy Oct Fut of HDIL anywhere between 369 and 376 for a target of 385. If you find the market as well as the scrip displaying unusual strength then you may decide to wait for target of 400 also.

Nagarconst. Buy Oct Fut of Nagarconst at 165/167 for a target of 171. You may also like to wait for 179.5 as exit point, provided the scrip and the market is flexing strong bullish muscles.

LITL. This scrip was not in my swing trading list of 12th October. For day trading on 14th October buy Oct Fut of LITL anywhere between 501 and 509 and look to square up your position at 540. In case you find very strong bullish sentiments prevailing in the market then you may like to wait for a target of 585.

Tracking Swing Trade Recommendations For 12 October

Today's price action has confirmed that the swing is in place for the recommendations given in the last post for swing trade for 12 Oct 2009. Lets track the performance of the stocks futures recommended:-

HDIL. Lets assume that you have taken position today at 358. Position closed at 372.1 after making day high of 376.4. In case you are holding position for target of 400 as recommended, then its fine. But if you have done day trade, you would have profited Rs 14/- to Rs 18/- per share. As the lot size is 774 your intra-day profit should range between Rs 10000/- to Rs 14000/-.

Asian Paint. Day low was 1510 and so missed trade by Rs 10. Hence no profit no loss.

Nagarconst. Assuming you bought one futures position at 165.2, it went to high of 168.4 and closed at 167.3. If you are holding position for a target of 179.5 as recommended, then its good news. But if you have day traded then you would have made a profit between Rs 2/- to Rs 3/- per share. Since lot size is 2000, your profit should range between Rs 4000/- to Rs 6000/-.

Overall Day Profit = 10000+4000=Rs14000/-(minimum); 14000+6000=Rs20000/-(max), less brokerage.