From the above chart of hexaware we can see that after falling from 140 levels to 110 levels and i feel at CMP it is worth buying.Signs of bullish reversal can be clearly seen on the charts,ParabolicSAR,candlesticks and MACD are giving a buy side.So one can BUY HEXAWARE NOVEMBER FUTURES@ 110.110.3 with a target of 115.
Yesterday(i.e. 8 November)HEXAWARE TECHNOLOGIES hit a high of 115.8. Target achieved..
ReplyDeleteProfit = 5 per lot(1 lot=2000)=10000
Margin required for futures Contract=45000
profit % =10000/45000*100=22.2%.