Free Currency USDINR Tips - RUPEE DESK: Free MCX-SX Currency Calls 4th Session : 28.01.2013

Monday, 28 January 2013

Free MCX-SX Currency Calls 4th Session : 28.01.2013

Buy USDINR SA 53.9375 SL 53.8425 Target 54.0150 / 54.0550
Short USDINR SB 53.8325 SL 53.9275 Target 53.7550 / 53.7150
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Buy EURINR SA 72.4350 SL 72.3500 Target 72.5325 / 72.5725
Short EURINR Sb 72.3450 SL 72.4300 Target 72.2475 / 72.2075
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Buy GBPINR SA 84.7850 SL 84.7000 Target 84.8825 / 84.9225
Short GBPINR SB 84.6950 SL 84.7800 Target 84.5975 / 84.5575
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Buy JPYINR SA 59.4750 SL 59.3900 Target 59.5725 / 59.6125
Short JPYINR SB 59.3850 SL 59.4700 Target 59.2875 / 59.2475
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1. All 'Intraday' recommendations are for intra-day trading only - Do not carry the positions overnight.

2. When the trigger condition is fulfilled, wait for 3 minutes, confirm that the trigger condition continues to be fulfilled and then take the suggested action. Do not fear that you will lose the best entry price - more often than not, you will get the price again at the advised entry price.

However, you should not enter the trade if
a) In the 3 minutes, the price has already gone near the 1st target (or)
b) the scrip price is too wide apart from the suggested entry price

For 'SELL AT HIGHER LEVEL', 'BUY AT LOWER LEVEL' type of recommendations, when the trigger condition is fulfilled, take the advised action without waiting for 3 minutes.

3. When the stock price is around the 1st target. square off 50% of your position.

4. When the scrip price is around the 2nd target, square off the remaining 50% quantity; however, if the scrip price does not get near the 2nd target throughout the day, square off at 4.30pm.

5. When the scrip price breaks the stoploss level, exit whatever quantity you have, without waiting further. "ALWAYS KEEP STRICT STOPLOSS TO AVOID HUGE LOSS"

6. Since the number of recommendations is small and manageable, trade all the recommendations instead of just one or two. This way, even if one or two scrips hit the stoploss, it is most likely that the profits from the other successful trades will more than offset the losses from the stopped out trades.

Free Currency USDINR Tips - RUPEE DESK

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Monday, 28 January 2013

Free MCX-SX Currency Calls 4th Session : 28.01.2013

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