Friday, December 4, 2009

CRUDE 04.12.2009

Posted by Ramesh at 10:10 AM
Long Abv     : 3529 For 3540 - 3552 - 3564 - 3575
Short Below : 3505 For 3495 - 3482 - 3470 - 3460

12.40 - Long Entry given
7.00 Pm Long Trade - 1,2nd and 3rd tgt Achived (high 3570) 41 points from our entry.
next tgts are 3575 - 3589 - 3600 - 3617-- 3629
7.45 Pm 4th Tgt Also Achived.
7.55 Pm 5th and 6th tgts achieved
now next tgts are 3617- 3629 - 3647 - 3658 -
9.05 Pm Booked at 3589 (TSL hit)
9.05 Now short at 3585 with s/l of 3604
at 3585 with s/l of 3605 let us take some risk......
wow another 40 points down...from our short entry.....
now i am expecting 3515 so hold shorts with 3575 as s/l.....
now revised tgts are 3515 / 3495 / 3468................................
10.20 Pm tgt 3515 is achievd......
since one week 3500 area was acted as strong support... so if its breaks some major fall possible.
10.40 Book Profit at 3530

TOTAL PROFIT :- LONG 59 POINTS  + SHORT 55 POINTS = 114 POINTS

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