Nifty has manage to closed above 5100 despite Reliance bad performance in today's session. We have seen open interest addition today, but market closed in negative and its bearish sign. We can say some kind of short built up in market. Let's see how Nifty behave in coming days and what comes first 5175 or 5030.
Reliance beaten badly today, closed nearly 4% down at 833.80. It has failed to resume upside rally and made bearish engulfing pattern. Long traders should take exit from Reliance below 825, its our stop loss.
Buy Tata Motors above 191.50 with strict stop loss below 185 on closing basis. Target is 210.
Our yesterday call Long Bank of India above 340 triggered today, keep stop loss below 332 and book profit near 365-370.
Happy Trading ....
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
Reliance beaten badly today, closed nearly 4% down at 833.80. It has failed to resume upside rally and made bearish engulfing pattern. Long traders should take exit from Reliance below 825, its our stop loss.
Buy Tata Motors above 191.50 with strict stop loss below 185 on closing basis. Target is 210.
Our yesterday call Long Bank of India above 340 triggered today, keep stop loss below 332 and book profit near 365-370.
Happy Trading ....
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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