Free Currency USDINR Tips - RUPEE DESK: Free Currency Intraday 5th Session Tips : 05.02.2013

Tuesday, 5 February 2013

Free Currency Intraday 5th Session Tips : 05.02.2013

Buy USDINR SA 53.4700 SL 53.3925 Target 53.5475 / 53.5875
Short USDINR SB 53.3900 SL 53.4675 Target 53.3125 / 53.2725
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Buy EURINR SA 72.1300 SL 72.4925 Target 72.2275 / 72.2675
Short EURINR Sb 72.6575 SL 72.2950 Target 72.5600 / 72.5200
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Buy GBPINR SA 84.2900 SL 84.2200 Target 84.3875 / 84.4275
Short GBPINR SB 84.2200 SL 84.2900 Target 84.1225 / 84.0825
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Buy JPYINR SA 57.6975 SL 57.5175 Target 57.7950 / 57.8350
Short JPYINR SB 57.4750 SL 57.6550 Target 57.3775 / 57.3375
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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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Tuesday, 5 February 2013

Free Currency Intraday 5th Session Tips : 05.02.2013

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