Initiating positional shorts in DLF cmp spot 183.85
stoploss above 187.2
target will depends on developing price action
likely target is 178-----175.2
All prices spot
1 trend trade however entry is a bit early
2 risk increases slightly because of early entry
3trade includes some element of volatility,expecting an increase in volatility and price to move lower
the reverse too can happen and stoploss can be hit real fast so NOT for lazy traders
4 derivative trading is a high risk activity lossses can be severe ----Small traders with 2-3 lakh capital DONOT TAKE THIS TRADE
stoploss above 187.2
target will depends on developing price action
likely target is 178-----175.2
All prices spot
1 trend trade however entry is a bit early
2 risk increases slightly because of early entry
3trade includes some element of volatility,expecting an increase in volatility and price to move lower
the reverse too can happen and stoploss can be hit real fast so NOT for lazy traders
4 derivative trading is a high risk activity lossses can be severe ----Small traders with 2-3 lakh capital DONOT TAKE THIS TRADE
Trade closed: stop reached:
dlf short trade stoploss hit -loss of approx 3.4 rs per lot of 2000 ; 6800 rs per lot