A potentially big trade - SAIL

I had tweeted a few days back about  a lot of PSUs looking good.

Here is one that has the potential to give an excellent trade if managed well in futures.

SAIL can be bought (an aggressive entry) at current levels, with a stop below 67-67.5, or for a conservative entry above 76.5 (problem is stop loss remains the same and is very far off).

SAIL has the potential to rise to above 90, maybe even 100+ over the next few weeks.

 
Based on the Options charts, SAIL 70 CE too can be bought on a dip with sl below 1, for a target of 6-7.

If one goes long in May futures and it starts rising, it can be hedged on a rise by selling the April 70 CE near 6-7, with a stop above 8.

SAIL April 70 CE :

For those not willing to risk a trade in futures, SAIL can be bought in cash with a stop below 67 for a target above 90.

TRADERS CARNIVAL AT GOA IN AUGUST 2014

Traders Carnival 2014 is being held in Goa from 15th to 17th August. This is the third edition of the carnival after the first one in Bangalore in 2012 and second one Pune  in 2013.

This event is entirely the brainchild of Dharmaraj from Bangalore (a.k.a DJ) - @ra1nb0w on Twitter).

It is a 3-day residential conference, where traders from all over the country and some from abroad will be attending.

More details can be seen at www.traderscarnival.com

I have been asked the question quite a few times; " Is it for me?"

As long as you are trading in the stock market or even in the commodities market YES, this carnival is for you.

Some traders are under the impression that they will be a misfit, and might not understand anything. That is certainly not the case.

Anyone who is into trading, be it part-time or full-time, has learned something from the supreme teacher "Mr. Market" and it is this that he/she brings to the table there.

The market teaches everyone a different lesson. There is no trader who has made profits right from his / her first trade and is still making huge money continuously. There is always something more to learn. There will not be a single trader there who can claim to 'know all'. That is impossible !!

The beauty of this carnival is -  one will get to meet and interact with 150+ fellow traders from the age 25 to 60. Every single person has learnt lessons from the market, and will be sharing that 'lesson' with others, be it as a speaker or just a participant. From my experience, there is something to learn even from a beginner, someone who is in the market for just 1-2 years. There is no one at the carnival who wants to keep his trading style / strategy a secret, because they all believe that only when they share, will they learn something from others.

If you wish to learn from the experience and mistakes of others, this is THE place for you.

However, if you feel after attending this carnival, you will start making a potful of money from the day you return home, the answer is a BIG NO !

This carnival is not one of those ‘formal’ events where the speakers are from abroad and charges are also very high.

What suits someone might not suit you. But, you will certainly get different ideas, and will be able to decide which idea can benefit you, which one needs a bit of tweaking at your end, to suit your temperament.

I will be speaking on 2 topics:

1.    Low risk setups for trading in Options (purely chart based), and

2.    This is more of a group discussion with some starting points from my side – on the requirements of  being a full time trader (something that everyone dreams of).