Daily FREE tips (Friday 4/8/11)

Disclaimer : Stock,options,share trading is risky business, trade according to your plan and at your own risk.

This is intraday call or put tips(book Loss or profit on intraday basis dont carry forward your position)

Global cues,global market sentiments, futures data, PCR all suggest market should BOUNCE back.

this is intraday tip. Once trade is initiated, book profit according to your risk exposure and appetite. maintain strict Stop loss.

I also follow Moving averages on chart for short term i use sma 3 and sma15 combination, for entire day i use sma8 and sma 34 sometimes sma 50.

when price(rises) cuts the sma's from bottom, i go long.

when price(falls from top) cuts the sma's frm top, i go short.

I will explain  my daily strategies in detail in (learning segment)

based on market opening

buy above(futures) or else you can buy option(5400 above 110 sl 100 target 125)

Signal                               Signal Price Stop Loss            Target-1Target-2

buy above                          5430            5405                      5465       5480

if you want you can hedge this position by buying put of 5400 of equal quantity

(if position is hedged, then positions can be carried forward till friday(square off before 3 on friday)

buy put if market opens week and change the target and stop loss accordingly.

reenter if  market trades within a range.(puts only)

(check the signals using moving averages)

Never go for web based interface for trading

Always use software based terminal  and lowest brokerage for options.