Ghatwar
There must have been some reason when you shorted the market, in spite of
many other cues from this group.
Now does the reasoning which supported the trade, hold good, before close of
trade? In case no, then you should have closed the trade. But if close was
in profit then Cf is warranted. In which case a SL has to be applied at near
high. Short is valid only below 5100.
My opinion - Keep 5130 as SL. And Exit trade at best as many markets are
streaming up, unless something untoward happens next week.
Hindalco remain a short below 154. But as market is moving up, trade the
short. If possible exit and re-short later at highs near 154. Close Abv
143.7 there is danger to short positions.
Will post opening comment tomorrow... Watch out for same.
Remember for any position a minimum of 0.5-0.75% should be built into the
trade for Cf of a position. Else be willing to take the loss....
Abe
-----Original Message-----
From: sharetrading@yahoogroups.com [mailto:sharetrading@yahoogroups.com] On
Behalf Of ghathwar@yahoo.com
Sent: Saturday, June 12, 2010 4:20 PM
To: sharetrading@yahoogroups.com
Subject: [sharetrading] Query
Dear sir
Pls help me & any Expected Tgt for Nifty & Hindalco
I hav shorted both @ 5122 & 138 Respectively
I can hold for 2 Days
Thanks in advance
------------------------------------
Please use your discretion before acting on the ideas expressed in the
group.
Happy Trading,
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Happy Trading,
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