Thursday, September 15, 2011

Technical call Crompton Greaves(15 sep 2011)

Nifty has managed to close near day high at 5019.15, open interest decreased today, it seems some short covering happened. We should wait and see how Nifty move above 5040, there is gap between 4970-5050. If anyone has neutral trade in Nifty, short position can be cover above 5050 on closing basis.

Crompton has broken its last few days range and closed at 156.90, one can buy this counter above 159 with stop loss around 151 for target 167 and 188.

See syllabus for Technical analysis training in Mumbai,India.

Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html

No comments:

Post a Comment