Saturday, March 28, 2009

Fresh Swing Calls

After good success with my previous swing calls, I am posting fresh swing calls for the next 10-15 days.

Please note that all my SL's are reversible i.e If the SL is hit for longs, existing longs should be closed immediately and new shorts should be opened immediately with a fresh SL as quoted by me. In worst case scenarios the second SL might also get hit (for shorts in this case) however it means fresh longs to be opened again as per original position with same SL.



Remember - if you follow the rules and reverse your positions everytime an SL is hit - you will make huge money - just dont lose the trust (I know it hurts a lot when you stop trading the third trade after 2 SLs are hit and you see the third trade which you didnt take goes and hits the target) . Remember, since my SLs are small just 1 winning trades is enough to cover to cover any losses due to SLs.



Also - Partial Profit booking is important once the call moves in profit....!



With above in mind, I am giving my fresh swing calls for next 10-15 days. Some of them will achieve the target faster than others, but 90% of them should achieve them in next 3-4 weeks.



BankNifty - CMP 4400. Short here at 4400 with 4450 SL for targets 4200/4050. Above 4450 long with SL 4400 for targets 4600/4800.



Nifty - CMP 3120. Short here with SL 3155 for targets 3000/2920. Above 3155 long for targets 3270/3450



DLF - CMP 182. Buy at 182 SL 170 for targets 200/220. Below 170 short with SL 182 fir targets 152/130.



Relinfra - CMP 567. Short at 567 SL 580 for targets 525/475. Above 580 long with SL 565 for targets 650.



I will add more calls as i see nice setups building up.



Cheers
SH
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4 comments:

  1. GANESH PLMarch 28, 2009 at 9:33 PM

    Thanks SH, I noted all swing calls i will try it my best. Keep it up your good postings.

    Ganesh.

    ReplyDelete
  2. RajaguruMarch 29, 2009 at 8:58 PM

    SH,

    Appreciate your effort and calls. Do you have any recommendations on number of lots? sometimes, i noted that you are requesting to book partial..si it good to assume on individual risk and money management?

    regards

    Rajaguru

    ReplyDelete
  3. Stock HunterMarch 30, 2009 at 9:07 AM

    Rajaguru - I always trade with multiple lots .. and book partially as the position moves in profits. Yes its important to keep individual risk and money management in perspective before taking my calls.

    Cheers
    SH

    ReplyDelete
  4. emsenthilMarch 30, 2009 at 11:48 AM

    Hi SH,

    Have been following your blog for quite a while..
    great going ... pls continue your efforts...

    I wonder how your calls work with minutest degree of perfection... be it intra or swing calls.. :)

    one more thing, can you share your strategy on entry/exit/ partial profit booking for both swing and intra? hope there is no pblm with that.. :)

    I am posting this comment for the second time.. if the first is waiting for your approval, pls ignore this...

    ReplyDelete

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