FlashBack
Acceleration = d (bears)/d(time).
Bears were totally annihilated by the runaway gap on nifty and stellar performance by Sultan of Stocks Reliance. In doing so nifty might have defined a new range for itself. Have a look at the chart below.
For Monday Trading
Bull Level
Buy Nifty Future at retracement level of 3199 with stoploss at 3169 for targets 3252 and 3300.
Bear Level
Short Nifty future at second target of 3300 with stoploss 3323 for targets 3252 and 3210.
King of banks on close watch
SBI charts look very promising. From the charts it looks like SBI might take over the leadership from Sultan for the rest of this upmove.
For monday trading
buy sbi at retracement level of 1127 with stoploss at 1100 for targets 1190, 1245.
Blackout in the offing for PowerGrid.
Blackout in the offing for PowerGrid.
The chart is pretty self explanatory. Stoploss for short would 101 on closing basis. Targets would be 85 and 69.
Have a great trading day.
2 comments:
3300 sell and powergrid were great. Keep up the good work.
Thanks Gagan
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