Free Currency USDINR Tips - RUPEE DESK: Free Currency MCX-SX 4th Session Tips : 11.02.2013

Monday, 11 February 2013

Free Currency MCX-SX 4th Session Tips : 11.02.2013

Buy USDINR SA 53.8575 SL 53.8050 Target 53.9350 / 53.9750
Short USDINR SB 53.8125 SL 53.8650 Target 53.7350 / 53.6950
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Buy EURINR SA 71.9800 SL 71.8850 Target 72.0825 / 72.1225
Short EURINR Sb 71.8775 SL 71.9725 Target 71.7750 / 71.7350
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Buy GBPINR SA 83.8850 SL 84.7675 Target 83.9875 / 84.0275
Short GBPINR SB 85.1300 SL 84.2500 Target 85.0325 / 84.9925
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Buy JPYINR SA 58.1650 SL 58.0750 Target 58.2625 / 58.3025
Short JPYINR SB 58.0675 SL 58.1575 Target 57.9700 / 57.9300
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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, 11 February 2013

Free Currency MCX-SX 4th Session Tips : 11.02.2013

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