Monday, September 12, 2011

Technical call Arvind (13 sep 2011)

Today is one more bad day for Nifty, it has closed below 4950. Open interest is increasing along with fall and it is worry for market. But in option data front, its still showing some strength. Traders can take neutral trade once Nifty come back near 5000.

Arvind is looking very strong on chart, it is one of those stocks which closed in green. It has crossed its recent high 93.70, one can go long above 96.65 by keeping strict stop loss below 92.50. We can see target 105 in near term.

Happy Trading .....

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