Culmination of Swing Trade

Today has been the last trading session for swing trade recommended in my blog post dated 12 Oct 2009. What a swing it has been!!! For quick reference please click the link given below.

http://archana-archdeb.blogspot.com/2009/10/swing-trade-for-12th-october.html

If you have been trading the swing as per my recommendations, then today you must be laughing all the way to your bank. Lets evaluate the performance of the swing trade recommended in the link above. I had recommended buying October Futures of three scrips, viz HDIL, Nagarconst and Asian Paint. Out of these three, Asian Paint could not be bought since the recommended buying price was not met in trade. For the other two scrips lets calculate your total profit from this swing trading strategy as of today, since I had advised you to keep the trade for 3/4 trading sessions.

HDIL. Recommended buy price of HDIL Oct Fut was between 352 and 362. Supposing on 12th Oct you bought your position in HDIL at 357.5 (day low was 357.2) then you would have sold today at 398.5 (day high was 398.95). Lot size is 774.

Profit per share = 398.5-357.5 = Rs 41/-

Total profit = 41 x 774 = Rs 31734/- less brokerage.

Nagarconst. Recommended buy price of Nagarconst Oct Fut was between 164 to 166. Presuming you bought one lot of Nagarconst at 165.5 (day low was165.1) then you would have sold on 14th Oct at recommended price of 179.5, which incidentally was also the day high. Lot size is 2000.

Profit per share = 179.5 - 165.5 = Rs 14/-

Total profit = 14 x 2000 = Rs 28000/- less brokerage.

Grand Total Net Profit = 31734 + 28000 = Rs 59734/- less brokerage = Rs 59000/-

So now you would agree that the swing trade did give you handsome return. Your total capital investment was around Rs 1.5 lakhs and the return on your investment (ROI) was 39.3% in just four days. If you have liked my swing trading strategy then do give your comments and follow my blog for more of such trading insights and game plans. Hope my recommendations continue to enrich you consistently by way of startling wealth creation.

I have also been giving day trading recommendations every day before the start of the market. Please check out today's recommendations or click on the links given below.

http://archana-archdeb.blogspot.com/2009/10/day-trading-recommendations-for-16-oct.html

http://archana-archdeb.blogspot.com/2009/10/taking-stock-day-trading-tips-for-16.html

Happy Trading! Happy Diwali!

Taking Stock : Day Trading Tips For 16 Oct 2009

With the market having closed for today, its time again to take stock of the day's trading recommendations given in the last post before the market opened (http://archana-archdeb.blogspot.com/2009/10/day-trading-recommendations-for-16-oct.html ). Those who traded my tips would have realized handsome profit from today's trading. If you have benefited then my appeal to you would be to post your comment as also to join my blog as a follower. It will give me immense pleasure to know that there are retail investors who are making money from stock market based on my recommendations. So lets now start stock taking of today's proceedings :-

Nagarconst. Recommended buy price of 174 for Nagarconst Oct Fut was not met in trade today. So no profit no loss.

HDIL. Recommended buy price of HDIL Oct Fut was 378/379 . Supposing you bought at 378.5 then you would have covered the position at 398.5 (recommended sell price was 397/400).

Lot size = 774; Profit per share=398.5-378.5= Rs 20/-

Profit= 20 x 774 = Rs 15480/- less brokerage.

LITL. Recommended buy price of LITL Oct Fut was 531/532. Supposing you bought at 531.5 then you would have squared your position at 563 as per target given.

Lot size = 638; Profit per share = 563-531.5= Rs 31.5/-

Profit = 31.5x638 = Rs 20097/- less brokerage.

ICSA. Recommended buy price of 208/209 for ICSA Oct Fut was not met in trade today. So no profit no loss.

Total Net Profit = 15480+20097 = Rs 35577/- less brokerage = Rs 35000/-

Day Trading Recommendations For 16 Oct 2009

In case you are convinced that Sensex and Nifty still have 5 to 10% upside left before correction then do participate in day trading of strongly bullish scrips. But you must be very quick in taking trading decisions during the day and lock small profits. Consider the following scrips for day trading today:-

Nagarconst. Buy Oct Fut of Nagarconst at 174 and book quick profit by exiting around 178. Even with this small target you can make Rs 8000/- since the lot size is 2000. If the scrip comes down to 168.25 you can again buy and exit quickly at Rs 170/171. Finally you can buy again at 164/165.

HDIL. Buy Oct Fut of HDIL at 378/379 for a target of 384/385 and then 397/400.

LITL. Buy Oct Fut at 531/532 for a target of 544/550. In case the scrip shows lot of strength then you can get target of 563 and then 575/579. Going down, the level to enter trade will be 513/514 for quick profit of Rs 10/-.

ICSA. Buy Oct Fut of ICSA at 208/209 for a quick target of Rs 6/10.

Taking Stock : Day Trading Tips For 15 Oct 2009

Market today surprised most of us. From a moderately strong first half an hour, it petered out into a bearish slide. It gained some lost ground in the last hour to close flat for the day. Nifty lost 9 points and Sensex was 36 points down at close. Since the direction of the market was opposite to what was expected, day trading tips given in the last post for today did not do much. In fact the net business would show no profit no loss. Lets evaluate the day's accounts :-

LITL. Supposing you bought at the recommended buy price of 534, the scrip closed at526.7. If you have closed your position then the loss in this position with lot size as 638 should be around Rs 5000/- including brokerage (7.3x638=4657).

HDIL. If you bought HDIL Oct Fut at 378 then there is loss of about Rs 600, including brokerage, from this position as the scrip closed at 377.55 and lot size is 774 (0.45x774=348).

Punjlloyd. Presuming you bought one lot of Punjlloyd Oct Fut at 290 then you would have booked a loss of about Rs 1800 including brokerage. This is because the lot size is 1500 and the scrip closed at 389.

Nagarconst. In case you bought Oct Fut of Nagarconst at 175.5 and exited at 179.5 then with a lot size of 2000, you would have made a profit of about Rs 7700 including brokerage (179.5-174.5=4x2000=8000).

Net Profit= 7700-5000-600-1800= 300. In other words like a flat market closing the account book also closed flat with no profit no loss.

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 !!!