Caution + Safe Harbour Statement

Investment in futures is very risky business. Request to readers is not to consider the information provided in this blog as investment advise. It is safe to do your own research before making any buying and selling in market.



I don't own responsibility for your actions.

Wednesday, February 3, 2010

Update : Trade 1: DIVISLAB

Original Link: http://mvrfuture.blogspot.com/2010/02/trade1-divislab.html

Do I need to Square Off/Hold?
Technical Indicators:

1. Markets will be range bound with negative bias.
2. Montly Stoploss: 609, Weekly Stoploss: 608, as per pivots.
3. Open Interest Increased in Futures.

Fundamental Indicators:
1. Results were below expectations.
2. Long term (more than 6 months it is good stock)

Verdict: Hold the stock as long as it is above 609. And sell when it goes below 608.

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