Wednesday, 8 May 2013

Trade Plan 8th May :

Nifty : As yesterday long on each dip.

My Trade :

20 percent of my trading capital :

50 percent : LONG YES BANK with 'Options' : Current Spot 508.25
50 percent : SHORT UNITED SPIRITS with 'Options' : Current Spot : 2348

Both Positional with horizon of 3-5 trading sessions. Target atleast 1.5 times the traded option price.
Choosing the right option contract and entry time is subjected to individual trader skills.

Rest 80 percent trading capital for hunting intraday scalps via futures/cash.

Yes Bank and United Spirits , I don't have time to update reasons behind them. Serious traders should find it themselves before opening bell.

SS

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