Trade Log for October 10 , 2008

• 
  
  Buy LT 915 sl below 904 target 930 - Exited @ loss of Rs4/share. Later it hitted Sl and then acheived our tgt of 930 ( made high of 929.90) , if traded with 100 shares then loss of Rs400/trade.

• Nifty can fall more if it cant sustain abv 3305.. Abv 3305 can go higher upto 3386 - Achd.. target of 3386 made high of 3411 on N/Future. If traded with only 1 lot , made profit of Rs. 86 points on Nifty , that translate to a wooping gain of Rs. 4300/lot/trade

• Again 3305 Nifty Spot ,, if traded abv willl fetch the tgts of 3400 ++  and if traded below the level ,, attract the lelvls of 3250 and more...  - Achd target of 3250 and falled to 3230, adviced to all members tocover around 3230 , wooping profit again for 75+ points, that translated to Rs3750 profit /lot/trade.

so my recomme ,, cover all shorts.. getting decent profit on 75 pints on Nifty Itself...   and Buy

• Nifty gained 130 points from our short covering msg.. now those who have holding on nifty from that time.. pleaase// exit the position @ 3400 ,, only for those who are playing with multiple lots... and who are trading with single or mini nf lot... trade with sl of 3326... on NF -   Gained 130 points from Nifty Again, made profit of wooping 130 points , which translate to 6500/lot/trade profit..

• Buy RIL for a tgt of 1650 - 1700 and more.. par ofly if continued to trade abv 1568 lelvls.. with a sl of 1535.. -  trade executed and made high of 1580 and finally came down to 1520 lelvls after trigring sl of 1535. So loss of Rs33/share . If traded with 75 share then loss of Rs2475/trade.

Trade Summuary - Profit.   Nifty (3 times )  - 290 points or Rs - 14500/lot/trade.

                                Loss.     RIL - Rs2475/trade. LT  -  Rs400/trade.

Approx Profit : - Rs 11625.      Awesome Profit....  today


No trade on 08-10-2008 , as a Holiday in our Office..

Open a Brokerages A/c with us in minimum brokerages and charges . Funding and Leverage will be provided by us . Call to know more 9933964704 or email trade@tradingideas.in