For the reference of readers i have made the performance sheet for the Month of March Expiry, can be accessed from http://tradingsystemperformance.blogspot.in/ .
- Calculation are based on trading with 1 lot of Stock Futures
- Rs 100 is deducted as Brokerage and Taxes
Buy above 254.5 Tgt 257.5,259.5 and 263 SL 252.4
Sell below 250.7 Tgt 248,245.5 and 242 SL 252.4
Cairn is trading in a perfect down trending channel,and is giving pullback after touching the bottom of channel. Stock is near important falling trend line resistance of 287.
Buy above 287 Tgt 290,294 and 298 SL 285
Sell below 282 Tgt 279.5,277.8 and 274.5 SL 285
Buy above 1790 Tgt 1818,1833 and 1852 SL 1780
Sell below 1770 Tgt 1761,1754 and 1741 SL 1780
- All prices relate to the NSE Spot
- Calls are based on the previous trading day’s price activity.
- The call is valid for the next trading session only unless otherwise mentioned.
- Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
- Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.
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