Bumper Profits on the call given on Core Projects & Tech Ltd & Godrej Industries Ltd……Rs. 12000+Rs. 14000= 26000/-

The Bear’s Ride Positional Call on Core Projects & Tech Ltd. given on July 2^nd hit the target within two trading sessions. The target of Rs. 242 was hit on the second trading session with the scrip making an low of Rs. 240.10. Refer to the link below for our first posting….

http://www.stoplosstrade.com/2010/07/lets-have-bear-ride-on-core-projects.html

The recommendation was to go short in the counter with a strict stop loss of 1% placed at the price of Rs. 253. The technical indicators as expressed in the posting give the sell signal and the scrip went for correction after the recommendation was given. As indicated in the posting the counter went for a dip with hitting the final target of Rs. 242 within two trading session.

Hence, sell call given made a stupendous gain of Rs. 6 per lot {taking a conservative view), hence giving a return of 12/- (we recommend trading with two lots).

Hence the total gain of PROFIT= 2*6*1000= 12000/-. Remember this is the return on a capital of 57000/- (SPAN MARGIN) on the counter within two trading sessions, a stupendous return of more than 21 percent.

AND THE STORY IS NOT FINISHED YET…………………..

The sell call given on Godrej Industries Ltd. made a starring return in just two trading sessions in the markets. The Bear’s Ride Positional Call given on Godrej Industries Ltd. was deeply in- the – money with a return in the order of more than 19 percent.

Refer to the link below for the first posting….

http://www.stoplosstrade.com/2010/07/lets-have-bear-ride-on-godrej.html

The recommendation was to go short in the counter at the price of Rs. 172.5 with a strict stop loss of 1% placed at the price of Rs. 174.35 for a target of Rs. 164. The scrip was making lower tops and bottoms in the next two trading sessions. The call closed deeply IN-THE-MONEY with a gain of Rs. 3,5 as gain in two trading days. As indicated in our posting the scrip went for a correction after making some handsome gains in the early trade. The trading price given was perfect to go for shorting as suggested.

Hence the total profit made by the call was given by (we recommend trading with two lots.) keeping in view the lot size of 2000 PROFIT=2*3.5*2000=14000/-

Remember this was a huge gain on a trading capital of Rs.73000/-, a gain of nearly 19% in just two trading session. The saga is going to continue for time to continue…………..

Akash Singh, Technical Analyst [Akash@hbjcapital.com], HBJ Capital Services Pvt Ltd.