Today if closed above 5328 level then expect a non-stop rally till 5375-5387 & further up to 5424 As mentioned on 7July10 post, for LONGS keep SL as 5297 (closing basis)
We have closed exactly on the resistance channel, GAP UP opening will bring BACK confidence in the market & a weekly close above 5328 will bring back BULLS momentum.
I feel within this month expiry 5400CE will touch 100 (minimum), but there will be lots of up's & down, so book your profit @ high level & buy @ lower levels.
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Today if closed above 5328 level then expect a non-stop rally till 5375-5387 & further up to 5424
ReplyDeleteAs mentioned on 7July10 post, for LONGS keep SL as 5297 (closing basis)
i have three calls of 5400 avg@53, i thougt
ReplyDeletei would be able to get out at 63 and again purchase at lower level but didnt get chance.
Since we closed below 5297 wht are ur views.
can i avg tomorrow by purchasing below 40 to bring my cost price down below 50 and sell next week as ur tgt for next week is 5380
Regards
Amish
Amish,
ReplyDeleteDon't worry @ all
We have closed exactly on the resistance channel, GAP UP opening will bring BACK confidence in the market & a weekly close above 5328 will bring back BULLS momentum.
I feel within this month expiry 5400CE will touch 100 (minimum), but there will be lots of up's & down, so book your profit @ high level & buy @ lower levels.
thank u sir
ReplyDelete