For Buy
position, buy within given range(where
ever it is as buy gold 20500-20510);
if price increased as soon as call delivered,
buy 50% position at cmp and other 50%
in the range.
Book 50% profit at 1st
target or partial book position
& modify stop loss to cost or below
cost for buy position and above cost
for sell position.
Book full profit at 2nd
target. (Low risk traders should not
wait for 2nd tgt).
Entry, exit, profit taking
targets given are purely indicative
and traders are advised to adjust these
levels as per their exposure and risk
appetite. For example if buy entry for
April Gold is Rs 20800 and market low
is Rs 20810, traders should not wait
for exact 20800 and same for targets.
We recommend using modest flexibility
of 0.015-0.05 percent of daily volatility.
When you receive exit
call, you should completely exit from
call.
