MCDOWELL-N May Futures Buy
3rd – 26 May 2021:
524.75 – 590.85 = 66pts*1250
CIPLA May Futures Buy
17th – 26 May 2021:
881.20 – 945.15 = 64pts*650
Pillars’ Strategy is Closing Price driven.
Which means, Open, High and Low Prices are not important at all.
If we did not have done price negotiation for Entry then both above mentioned calls namely MCDOWELL-N and CIPLA wouldn’t have been missed.
However, we could never avoid this negotiation thing as Market Volatility is way to high therefore we always try to get the best Entry and Exit prices for our Clients; few times we succeed in getting the same example TATAMOTORS, BAJAJ-AUTO and many times misses too like NIITTECH, INDIGO, JSWSTEEL, GRASIM etc.
Solution: Only way out, as we see, is to do multiple lots, at-least 2 lots per advised Call by Pillars’ Strategy.
Original Lot at advised level and 2nd lot near about Stop-loss, if at all prices comes near so.
Rest assured, in many cases, prices do not create any problem post Entry. 🙂🙏
Points to Ponder:
- Give Importance to our analysis. Post Entry we don’t give any importance to news, events, announcements, if any.
- Use NSE Code to describe Stock’s Name for example MCDOWELL-N is NSE Code but company name is United Spirits Ltd.
- Send messages only at 2 times in a day (8:55am / 3:10pm) limited over WhatsApp.
- Use Cash Prices. Entry, Exit all depends on Cash levels. Trade in Current Month Futures.
Call, Text: +91 99003 30558
Nilesh Jain, Trading Counselor
SEBI RA: INH200002978, Bengaluru
E-Mail ID: Rocket@RocketTrades.com
You must be logged in to post a comment.