Hi guys good morning..we are back after festive season...the close above 5200 showed its colors as we had discussed in the blog earlier..now we r likely to be stuck in a range between 5200-5500...the above chart is by dear RCG ji and has notes annotated....
- if u see the above chart then a tick above 5410 will take nifty towards white line between 5460-5500....so any move towards 5250-5300 should be used to short puts and 5500 levels to short calls with SL 5532...premium sucking will happen for next 10 days or so...
- Keep an eye on infosys if it closes above 3030 then it will be the first stock to be in bull orbit and will give initial indication of fresh bull run in Indian markets....and pls do not go by fundamental news they will remain negative till markets do not recover major levels...good luck
Hi guys good morning..we are back after festive season...the close above 5200 showed its colors as we had discussed in the blog earlier..now we r likely to be stuck in a range between 5200-5500...the above chart is by dear RCG ji and has notes annotated....
No comments:
Post a Comment