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HimanshuSardana
Jul 19, 2017 2:25 PM

MRPL Long

NSE:MRPL1D
MANGALORE REF &PETNSE

Description

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Seems a buy. can be bought for 144 with exit SL if it enters the channel again on closing basis.

Comment

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Must not be entered if opens inside the consolidating channel.
Chart PatternsTrend Analysis
Comments
dhirajsabharwal28
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Why there is huge difference of about 6 rs in spot n future prices. This is for last three days.day before yesterday fell yesterday consolidated. Today bounced. Unable to understand the move right now.
HimanshuSardana
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@dhirajsabharwal28,

Yes you have this observation right. in the following table, look at the most right column of 'spread'. It is sort of a slope of -1. which shows the diminishing bullishness expected, spanning through the months of may, june and july. So, may be this one is not so much bullish and i have to regret posting this idea in coming days. But chart says so and i have to do it. But in all cases, it would be a learning for me. Thanks.


Date MRPL Fut MRPL Spread
19-Jul-17 125.25 130.65 -5.4
18-Jul-17 117.65 123.25 -5.6
17-Jul-17 117.5 123.1 -5.6
14-Jul-17 123.7 125.4 -1.7
13-Jul-17 124.85 126.95 -2.1
12-Jul-17 126.45 127.1 -0.65
11-Jul-17 122 122.8 -0.8
10-Jul-17 122.15 122.4 -0.25
7-Jul-17 121.4 121.75 -0.35
6-Jul-17 122.85 123.1 -0.25
5-Jul-17 122.6 122.85 -0.25
4-Jul-17 120.6 120.85 -0.25
3-Jul-17 119.7 119.85 -0.15
30-Jun-17 118.15 118.25 -0.1
29-Jun-17 118.9 118.9 0
28-Jun-17 119.75 119.55 0.2
27-Jun-17 119.95 119.65 0.3
23-Jun-17 117.85 117.35 0.5
22-Jun-17 122.6 122.45 0.15
21-Jun-17 123.75 124.05 -0.3
20-Jun-17 127.1 126.75 0.35
19-Jun-17 127.75 127.75 0
16-Jun-17 127.9 126.95 0.95
15-Jun-17 128.95 127.95 1
14-Jun-17 127.85 127.95 -0.1
13-Jun-17 129 127.95 1.05
12-Jun-17 130.25 129.2 1.05
9-Jun-17 130.35 129.55 0.8
8-Jun-17 129.55 129.05 0.5
7-Jun-17 130.35 129.15 1.2
6-Jun-17 129.65 128.45 1.2
5-Jun-17 133.1 131.85 1.25
2-Jun-17 134.25 132.9 1.35
1-Jun-17 136.25 134.85 1.4
31-May-17 130.85 131.15 -0.3
30-May-17 130.55 129.15 1.4
29-May-17 130.35 128.95 1.4
26-May-17 135.9 134.35 1.55
25-May-17 131.65 130.15 1.5
24-May-17 124.75 123.3 1.45
23-May-17 126.2 124.7 1.5
22-May-17 130.8 129.25 1.55
19-May-17 135.3 133.6 1.7
18-May-17 137.85 136.1 1.75
17-May-17 136.85 135.1 1.75
16-May-17 133.45 131.7 1.75
15-May-17 136 134.2 1.8
12-May-17 130.8 129 1.8
11-May-17 134.6 132.75 1.85
10-May-17 135.45 133.55 1.9
9-May-17 135.35 133.4 1.95
8-May-17 137.3 135.3 2
5-May-17 128.75 126.8 1.95
4-May-17 132.3 130.3 2
3-May-17 134 131.95 2.05
2-May-17 131.3 129.25 2.05
28-Apr-17 135.8 133.6 2.2

HimanshuSardana
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sorry for the vague table, i expected it to be shown in the pre-post form but it posted in a different way.
HimanshuSardana
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The spread here is Basis(Difference between spot and future prices)
msmuthu3
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@dhirajsabharwal28, that may be due to the dividend payout of 6 rs
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