We have seen nice recovery today, volumes were also positive side. FIIs are net seller in F&O segment and net buyer in cash, it seems they are hedging their portfolio.
Some stocks are breaking resistance like Kotak Bank. Traders can enter in Kotak Bank above 463 with strict stop loss below 455, target will be 475-478.
ONGC has piercing pattern today and closed at 260.25, it is well recognize reversal pattern but it needs next day conformation. Today's volume is much more higher than average of last 10 days volume, other volume indicators is also suggesting some buying happening. One can buy this counter with strict stop loss below 253 for target 271-275.
Happy Trading ....
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
Some stocks are breaking resistance like Kotak Bank. Traders can enter in Kotak Bank above 463 with strict stop loss below 455, target will be 475-478.
ONGC has piercing pattern today and closed at 260.25, it is well recognize reversal pattern but it needs next day conformation. Today's volume is much more higher than average of last 10 days volume, other volume indicators is also suggesting some buying happening. One can buy this counter with strict stop loss below 253 for target 271-275.
Happy Trading ....
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