Wednesday 10 October 2012

RELIANCE CAPITAL

From the above chart of RELIANCE CAPITAL we can clearly see that ParabolicSAR, RSI have shown SELL signs and MACD line is very close to the SIGNAL line that means MACD is also about to give a sell sign on RELIANCE CAPITAL.Weekly RSI is also in the overbought zone(67),so it is a very good SELL at this point of time. Institutional investors still haven't booked their profits in this script, when they start booking profits this script will crash like anything.
So trade that can be formed in this script is: SHORT SELL RELCAPITAL OCTOBER FUTURES@ 446 and BUY @ 430.
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1 comment:

  1. Unknown25 October 2012 at 20:04

    Yesterday ion expiry RELIANCE CAPITAL closed @ 430.45 with a low of 428.9..TARGET achieved..:)
    PROFIT PER LOT: 16(1 lot=500)
    TOTAL PROFIT=16*500=8000
    REQUIRED MARGIN MONEY PER LOT=40000
    PROFIT%=8000/40000*100=20%.

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