GauravSaini

Reliance positional short trade

Short
GauravSaini Updated   
NSE:RELIANCE   RELIANCE INDS
Reliance cmp 916 Initiating positional shorts in reliance with stoploss above 934
Trgt 880 approx

all prices spot
trade instrument june futures

trade quantity will be less than usual because of lack of direction in index

positional trade carries huge overnight risk -
NOT for small traders with capital 1-2 lakhs .
Might not update trade in real time so please monitor your positions actively
Derivative trading is a high risk activity-loss of capital can be substantial -market shows no mercy -- so please do proper risk analysis before taking trade
Trade closed: stop reached: Stoploss triggeted in reliance short trade at 934 ; loss of 18 rs per lot

the short setup is still valid though but the risk reward on keeping the position open is not good and losses can be severe
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