Flashback
Readers of blog would have had a field day as nifty opened at short level and fell all the way to extended 4th target (normally i give only 3 targets, but as it turned out today was special).
Readers would have made good money in ONGC as it fell to the second target of short.
For tuesday trading
Bear Level
Short nifty at retracement level of 3590 with stoploss at 3630 for targets 3531, 3500, 3485
Bull Level
Buy nifty at 3rd target of 3485 with stoploss at 3452 for targets 3531, 3560, 3590
HDFC Bank at strong support level
For tuesday trading buy hdfc bank at 1133 with stoploss at 1114 for targets 1165, 1193
