Free Currency USDINR Tips - RUPEE DESK: FREE MCX-SX CURRENCY 4TH SESSION CALLS : 22.02.2013

Friday, 22 February 2013

FREE MCX-SX CURRENCY 4TH SESSION CALLS : 22.02.2013

Buy USDINR SA 54.4475 SL 54.3500 Target 54.5250 / 54.5650
Short USDINR SB 54.3400 SL 54.4375 Target 54.2625 / 54.2225
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Buy EURINR SA 72.0075 SL 71.8700 Target 72.1050 / 72.1450
Short EURINR Sb 71.8450 SL 71.9825 Target 71.7475 / 71.7075
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Buy GBPINR SA 83.1525 SL 83.0350 Target 83.2500 / 83.2900
Short GBPINR SB 83.0175 SL 83.1350 Target 82.9200 / 82.8800
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Buy JPYINR SA 58.4075 SL 58.2325 Target 58.5050 / 58.5450
Short JPYINR SB 58.1925 SL 58.3675 Target 58.0950 / 58.0550
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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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Friday, 22 February 2013

FREE MCX-SX CURRENCY 4TH SESSION CALLS : 22.02.2013

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