today i short PNR @149.60 now what i do on monday ?

[albus]

Hello

today (28 dec 2012) i short Pantaloon Retail 1 lot @249.60 (please ignore @149.60 in title, its 249.60), now current rate is 257. now what i do on monday. can i book loss or wait ?

is there any chance to go downward direction on monday. im already in 16k loss.

please suggest me.

Thanks

 

[DanPickUp]

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[jlmalhotra]

You mean you shorted @ 249 and not 149.
Book your loss if it crosses todays high ie 258.2 .In all probability it will.
Can retrace upto 253 levels in early morning trade but make sure you do not carry it above 258.25

 

[albus]

Re: today i short PNR @249.60 now what i do on monday ?

yes its 249.60, i rectify it in my message. today pnr continuous increase, im worried about this.

is there any chance pnr go back to there range between 240 - 250 on monday or before 31 jan. ?

 

[aryan.]

Re: today i short PNR @249.60 now what i do on monday ?

yes its 249.60, i rectify it in my message. today pnr continuous increase, im worried about this.

is there any chance pnr go back to there range between 240 - 250 on monday or before 31 jan. ?

Please learn the basics of trading first before asking such questions.

 

[muinali]

dear albus you will hav to study a lot .start with any technical chart .here is a online chart for your stock.

Uploaded with ImageShack.us

 

[jlmalhotra]

Its Bullish Just dont carry the trade above todays High.

Might retrace a little but that should be the limit for your loss.

 

[muinali]

study stock chart for price movement behavior like above chart dont play 50:50

 

[albus]

Re: today i short PNR @249.60 now what i do on monday ?

yes all you are right im newbie and i learn to lot before start next trade. i dont know much about chart.

i short because it near to there 52 week high and traded in a range of 230 - 245 form last many days.

is anyone know why it suddenly jump 6.95% today ?

 

[jlmalhotra]

Originally Posted by albus
yes its 249.60, i rectify it in my message. today pnr continuous increase, im worried about this.

is there any chance pnr go back to there range between 240 - 250 on monday or before 31 jan. ?


Do not even think of keeping it till Jan 31