FlashBack
Bulls were in a murderous mood. From near 3rd target level of short, nifty future went all the way to third target of long level. Sultan of Stocks led the rally along with ADAG stocks.
As a result nifty has moved into a high resistance zone.
For thursday trading
Bear Level
Short nifty future at 3549 with stoploss 3579 for targets 3481, 3460, 3430.
Bull Level
Buy nifty future at retracement level of 3430 with stoploss at 3400 for targets 3481, 3515, 3549
Ringa Ringa Ringa
Bharti Airtel looks very interesting on charts
For thursday, buy bharti if it crosses 691 with 675 as stoploss for targets 745, 765.
Follow up on ACC short position
Although ACC did give a chance to cover the short near monday lows (low made 582), it triggered revised SL of 605. The trade is closed.
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