Last week, according to our Email alert, there was an entry to go short in 2 stocks in Indian Stock Market. They were TATA STEEL and HINDALCO. Here is what happened to those two trades.
TATA STEEL: As informed last week, the entry to go short was at Rs. 383.43. The market continued in the direction of the trade. The trade got stopped out on September 06, 2012 at the price of Rs. 353.97. There was a profit of Rs. 29.46 per share of TATA STEEL.
HINDALCO: As informed last week, the entry to go short was at Rs. 109.26. The market took an about turn on the first trading day of this week. The trade got stopped out on September 03, 2012 at the price of Rs. 104.45. There was already a locked in profit of Rs. 4.81 per share of HINDALCO.
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