Stock future positional trading ideas

[sangram1705]

Yes, he is right this is not the forum for fundamental analysis, however, being a fellow trader i would say that suprajit engineering is not a good co. fundamentally though co. debt is less but it post incosistant growth from year after profit is not consitant after sales also not stagnant, hence a big no for a person want to hold for years to come, technically there are many better trader here.

hope it will helps

Anil bhai,
just wanted to add one more point, let people realise what was da share price of tata steel 10 years back&what was their net profit at dat time. what is the share price now & what is their net profit now.

we as traders try to identify supply & demand gaps of an instrument & not the demand of their products.

yes fundamental analysts may be earning more than a trader, thats not the point. one who is hung between a fundamental & technical analysis is badly screwed up in the market. thats why I wanted to warn my fellow friend.

thanks

 

[sangram1705]

Hi SH,
hope everything is well at your end.
Have u decided to stay out of markets till budget??
Please keep on posting & keep the thread alive.
Thanks.

 

[Tradewithhunter]

Hi SH,
hope everything is well at your end.
Have u decided to stay out of markets till budget??
Please keep on posting & keep the thread alive.
Thanks.

I just came back to say I am closing this thread now due to lack of time....

Cheers
SH

 

[Tradewithhunter]

Nifty spot. Fresh buying above 8700 levels now.

SAIL spot - Sold at 77.85, now at 70. Completely risk free now as hedged with 75 CE bought last week. 50% profits already booked last week this lot holding.

Justdial spot - Reversed to shorts yesterday at 1453 and booked out at 1440 today as was getting mix signals on different TFs. It continued to fall though and closed at 1390. Missed a major move today ... no positions currently.

IDBI spot - Sold at 72, closed at 65.30 today. Booked 50% last week at 64 and rest hedged with buying 65 CE. Continued to be held.

IOC - shorted this morning at 319.50 and closed at 311. 50% booked at 310, rest holding with no hedging yet.

Please note all trades are actually being taken in futures but prices being followed here in the posts are spot.


Cheers
SH

Just before i close this thread though ...last update on above trades as Feb series expired today:

SAIL - closed at 67.70 ... Rs 10 profit ... lots size 4000 ... profit Rs 40000/-

Justdial - closed at 1299..kept falling but had no positions.

IDBI : closed at 73. 65 CE closed at 8 ........almost Rs 24000 profit on last lot.

IOC : closed at 328, 9 points in loss however 50% was booked earlier so no profit no loss.

Thread closed now.

Cheers
SH

 

[sangram1705]

I just came back to say I am closing this thread now due to lack of time....

Cheers
SH

salute to you for your contribution to traderji. There are many more contributors, but you have proved that one can be profitable by following simple trading system (315). & that was a complete trading system.

Although I no more use 315, still I must admit I have learnt & incorporated a lot into my trading system from your thread. When u started this thread I was very excited as it would be a gr8 learning opportunity again.

Thanks again & a sincere request, pl keep on visiting traderji & guide new traders!

Best of luck 4 ur future endeavors.
Thanks