Free Currency USDINR Tips - RUPEE DESK: FREE INDIAN CURRENCY TIPS 4TH SESSION : 08.03.2013

Friday, 8 March 2013

FREE INDIAN CURRENCY TIPS 4TH SESSION : 08.03.2013

Buy USDINR SA 54.6050 SL 54.5225 Target 54.6825 / 54.7225
Short USDINR SB 54.5175 SL 54.6000 Target 54.4400 / 54.4000
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Buy EURINR SA 71.4975 SL 71.4025 Target 71.5950 / 71.6350
Short EURINR Sb 71.3925 SL 71.4875 Target 71.2950 / 71.2550
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Buy GBPINR SA 81.9125 SL 81.8225 Target 82.0100 / 82.0500
Short GBPINR SB 81.8150 SL 81.9050 Target 81.7175 / 81.6775
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Buy JPYINR SA 57.2675 SL 57.1325 Target 57.3650 / 57.4050
Short JPYINR SB 57.1075 SL 57.2425 Target 57.0100 / 56.9700
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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, 8 March 2013

FREE INDIAN CURRENCY TIPS 4TH SESSION : 08.03.2013

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