Flashback
Star of day was tatamotors which followed the levels mentioned yesterday pretty much like a lost traveler following a compass. Even one lot futures contract should have fetched 75,000 Rs intraday for readers of the blog.
Bull Level
Buy nifty future crossing 4350 at retracement level of 4335 with stoploss at 4315 for targets 4380, 4420, 4445
Bear Level
Sell nifty future on break of 4230 at retracement level of 4255 with stoploss of 4287 for targets 4215, 4190, 4170
Looking good - DIVIS LAB
Divis lab has closed above a series of high resistance levels in a powerful upmove today. We can expect some follow up action in divis tomorrow.
1) Buy Divis on retracement level of 1082 with stoploss at 1050 for targets 1145, 1165, 1190
2) Buy Divis crossing 1145 at retracement level of 1125 with stoploss at 1100 for targets 1165, 1190, 1235
Divis is highly volatile stock with wild moves. Inorder to reduce risk, the trade should be done in spot in low quantities by the risk averse reader.
