Friday, April 22, 2016

Banks Buck Trend - Outshine Nifty Again

Banking sector was mercifully bullish in trade today, while Nifty was mildly volatile for better part of the day. Towards second half of session, Nifty drifted lower and finally closing at 7902, down 12 points.

Before markets opened, I gave a call for action in this post. Out of our 8 buy positions of Apr Futures held, 7 buy positions were listed in this post for selling, with modified targets.

Out of 7 buy positions recommended for selling, 4 scrips met their target in trade today. Let us calculate profit generated from these 4 Futures contracts.




April Futures Contracts Bought on 4 Apr 2016, Sold Today ( Check post here )

IOB          :  Lot size= 14000, BP = 30, SP = 32.
                    Holding Period = 11 trading sessions 
                    Profit = (32-30= 2) X 14000 = Rs 28000/-
                    Capital invested for 1 lot = Rs 77000/-
                    Return on Investment ( in 11 days) = 36% 

PNB          : Lot size= 4000, BP = 87, SP = 91.
                    Holding Period = 11 trading sessions 
                    Profit = (91-87= 4) X 4000 = Rs 16000/-
                    Capital invested for 1 lot = Rs 66000/-
                    Return on Investment ( in 11 days) = 24% 

SBI            : Lot size= 2000, BP = 195, SP = 200. 
                     Holding Period = 11 trading sessions 
                     Profit = (200-195= 5) X 2000 = Rs 10000/-
                     Capital invested for 1 lot = Rs 70000/-
                     Return on Investment ( in 11 days) = 14% 


April Futures Contracts Bought on 5 Apr 2016, Sold Today  ( Check post here )

RPOWER                 : Lot size= 12000, BP = 50, SP = 53.5. 
                                    Holding Period = 10 trading sessions 
                                   Profit = (53.5-50= 3.5) X 12000 = Rs 42000/-
                                    Capital invested for 1 lot = Rs 96000/-
                                   Return on Investment ( in 10 days) = 43% 

After squaring off 4 long positions today, we are left with 4 more long positions in Apr Futures. Fresh targets for these remaining 4 Futures positions will be given on Monday morning before markets open. So keep watching this space..

                                                                                                                                  
Consider This Carefully

Realize the astounding power of  Stock Futures Trading in generating wealth. Do not keep yourself away from futures trading for any reason. Dump your inhibitions and jump on the bandwagon!!

 I will guide you from very basics, provided you seek my help. Feel free to air your opinion or seek  clarification through comments section at bottom of the post.