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Trade Log for October 03 , 2008
ADVISE TO DAY TRADERS- Market will open in Negative, and can trade -ve upto Outage. Trade lite and buk profit in regular intervals
- Buy Ranbaxy @ 265.50 sl 261 target 270-276 - Exited @ tgt1 . made high of 275. Profit Rs 4.50/sh , If traded with 250 shares then profit Rs1125/trade
- Short Reliance Ind @ 1858 sl 1895 trgt 1810-1801 - Exited @ 1830. Profit Rs 28/share . If traded with 100 share , then profit Rs2800/trade
- Short SBIN @ 1513 sl 1525 tgt 1495 - Sl Triggred . made high of 1527 then stiff fall to 1475 lelvls.. Loss 12/share - If traded with 100 share , then loss Rs 1200/trade .
Unemployment Rate is big data that will be announced today =U.S. employers probably eliminated more than 100,000 jobs in September, the steepest loss since early 2003.
forwarded msg- Short Satyam Computers @ 310 sl 315 tgt 305 - trgt achd. made Profit of Rs5/share . If traded with 300 share then Profit Rs1500/trade
With liquidity remaining tight, the Associated Chambers of Commerce and Industry of India (Assocham) has asked the Reserve Bank of India (RBI) to cut Cash Reserve Ratio (CRR) and repo rate by 1% each, permit banks to borrow against government securities and provide dollars directly to oil companies rather than routing them through the market for buying crude. The chamber says that these measures will inject enough liquidity into the financial system for funding expansion plans of companies. The RBI, it says, should directly provide US dollars in advance to oil companies to help them hedge their crude oil purchases in a smooth manner.
forwarded msgNifty Views: Nifty can test 4050-4100 levls bext week. Keep an eye on Power and Realty Stocks. RBI can cut CRR and Repo Rate upto 1%.
RIL Promoters selling? (From Other Group companies)
Quarter ending : June 2008
Shareholding belonging to the category :
"Promoter and Promoter Group"
Total 746,704,874 51.37%
Qtr ending : September 2008
Trade Summary :- Profit : Ranbaxy - Rs1125/trade, Short RIL - Rs2100/trade, Short Satyam - Rs1500/trade
Loss - SBIN - Rs1200/trade
Approx Profit - Rs3525/trade
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