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Daily Futures Trading Strategy 22 December 2015

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Publish date: Tue, 22 Dec 2015, 10:25 AM
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HSI Futures


U.S. stocks ended stronger on Monday, helped by bounces in Apple and Microsoft as well as a rally in hospital stocks after more Americans signed up for subsidized health insurance.


Hong Kong stocks were firm on Monday, bolstered by Chinese companies, as strength in the Chinese equity market helped investors shrug off the gloom in U.S. and European stocks in the wake of last week's post-Fed rate hike rally.


Plan A : Above 21980, do nothing

Plan B : Below 21535, do nothing

Plan C : Attempt buying if market holds firm above 21875

Plan D : Cut below 21705

Plan E : Consider intraday selling if market stays below 21760

Plan F : Cut above 21875



FKLI


Market slumped 14-points yesterday in a day where investors felt worried despite a somewhat positive day in the regional markets. Market must not fell below 1621.5 if it were to avoid any panic selling activities. Successful hold above this level will likely see market rebound till the end of the year. Otherwise, the psychologically level of 1600 might be at threat.


Plan A : Consider buying if market supports well above 1621.5 and rebound

Plan B : Cut below 1620

Plan C : Attempt selling if market rebounds but fails to break above 1633

Plan D : Cut above 1637

 

 

FCPO

 

FCPO finally breakthrough the resistances, flying itself through the cloudy sky. Dalian and overnight soybean oil are staying at the positive territories while Ringgit strengthen to RM4.28 against the U.S. Dollar. Though market is on uptrend now, investor should avoid buying at high prices.  

 

Plan A : Overnight buyer hold on to position. Support is looking at 2413. Targets are 2490 and 2553.  

Plan B : Sell if market gap up above 2461 during opening. Targets are 2427 and 2438. Only apply for morning.

Plan C : Buy if market retraced and supported above 2427. Targets are 2461 and 2490.

Plan D : Below 2427, no fresh position.



  
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. The information does  not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. 

Discussions
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Kailash Sony

it is a Good report for investor and traders. thanks for sharing .. http://www.swastika.co.in has recommended Kitex Garments At the current market price of ` 700.00 the stock PE is ~19.28 for FY16x and ~21.17 for FY17x.Earnings per share of the company for FY16E and FY17E are seen at ` 26.45 and ` 30.51 respectively.We are expecting Net Sales and PAT of the company to grow at a CAGR of 14.19% and 36.20% over 2014 to 2017E respectively.Hence, we recommend ‘BUY’ in this particular stock with a target price of ` 819.00 for Medium to Longterm Investment.

2015-12-22 17:28

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