Monday, 8 August 2016

Short term trading idea -- zinc

CMP is 152.40, go for short, quantity 1 lot, Place sl order ( buy order ) @ 154 for quantity 2 lot ( double ). If sl hit then tgt is 156 for remained 1 lot. If sl will not hit then on down side you can get 2 points.
Update 1, 8th Aug, 10.40 Pm
Zinc price is @ the same mark 152.40, nothing to update. There is risk of gap up opening or gap down opening. If it opens gap down then it will profitable for us. But it behave against the same with gap up opening we will be in loss because there is no system of gtc sl order. So only lion hearted traders hold the position, remaining traders exit cost to cost @ cmp. Thank you, good night. Jay Shriram.
Update 2, Aug 9th, 06.30 Pm
Cmp is 151.40, book complete profit & exit the trade. Profit from this trade is only 1 point. Jay Shriram.