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Friday, May 23, 2008

Result of Trading calls for 20-23May

Six Swing trading calls were given on Monday for the trading week 20-23 May.
Here are results and some comments on each call.

● In Ifci (Sell 62.5-63.5), I personally asked everyone to exit cost to cost at 62.5on 22May Thursday ,minimal loss here.
● ITC was a star performer this week and fell the most today post disapponting results.
ITC Sell given at 226.5 achieved both targets and made a low of 211.15 i.e more than 7% gains.
● Hindustan Unilever dissapointed & Hit sl, 239>>235= 1.7% loss.
● Hindalco gave decent returns and hit a low of 190.40 . Gains 6.5%.
● TCS remained without huge volumes , but gave low of 915. Gains 6.5%.
Note:TCS can be held on for more profit.The statistics given weekly for weekly profits.
● Rcom was yet another star performer falling to an intraweak low of 570.Thus falling 602>>570 & giving 5.5% gains.

● Net-Net all our Swing trades gave an average of 4% per trade OR 24% cumulative profits.

Note:I recommend to trade in all calls and not to do selective trading.I also advise to keep a trailing sl of 1% in all Swing Trades, whenever you are in profit. On the other hand Sl mentioned are based on closing basis.

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