Free Currency USDINR Tips - RUPEE DESK: Free currency 5th Session Calls: 30.May.2012

Wednesday, 30 May 2012

Free currency 5th Session Calls: 30.May.2012

Buy USDINR Sa 56.5225 SL 56.4175 Target 56.6000 / 56.6400
Short USDINR Sb 56.4050 SL 56.5100 Target 56.3275 / 56.2875
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Buy EURINR Sa 70.2200 SL 70.1100 Target 70.3175 / 70.3575
Short EURINR Sb 70.0950 SL 70.2050 Target 69.9975 / 69.9575
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Buy GBPINR Sa 88.0050 SL 87.8150 Target 88.1025 / 88.1425
Short GBPINR Sb 87.7700 SL 87.9600 Target 87.6725 / 87.6325
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Buy JPYINR Sa 71.3550 SL 71.2450 Target 71.4525 / 71.4925
Short JPYINR Sb 71.2300 SL 71.3400 Target 71.1325 / 71.0925
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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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Wednesday, 30 May 2012

Free currency 5th Session Calls: 30.May.2012

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