Flashback
We had to wait from first hour of trade when APIL retraced to 466 to last hour of trade when it hit the first target of 488. At a profit of 25000 rupees+ per lot, this was the sweetest wait ever.
Nifty however triggered the stoploss levels before nosediving to targets.
Bull Level
Buy nifty future at retracement level of 4514 with stoploss at 4485 for targets 4560, 4590, 4610.
Bear Level
Short nifty future at 3rd target of 4610 with stoploss at 4630 for targets 4580, 4540, 4500.
Double Whammy - Reliance Capital
Tomorrow could be a very interesting day to trade reliance capital with oppurtunity to trade on both sides. From the chart, we can see that reliance capital will do well tomorrow. However we can also see that it will run into some huge resitances on the way up.
For tuesday trading
Buy reliance capital on retracement to 952 with stoploss at 942 for targets 980, 1005, 1025.
Short reliance capital at 1025 with stoploss at 1045 for targets 1005, 975, 955.
Bear Level
