Flashback
Readers who went short at bear level of 4345 would have booked huge profits at 4255, the third target of short. Even readers who tried adventurous long at 4250, the bull level, would have had oppurtunity to book 20 rs profit as nifty zoomed to 4270.
Bear Level
Short nifty future around 4290 with stoploss at 4320 for targets 4240, 4210, 4180, 4160
Bull Level
Buy nifty future at 4150 with stoploss at 4125 for targets 4180, 4210, 4240.
Sultan of Stocks - Can the Sultan stay afloat as we move to floating stock nifty
Sultan of stocks is unable to sustain above key levels and upmoves are getting resisted.
For friday trading short RIL around 1990 with stoploss at 2015 for targets 1955, 1935, 1900.
Do checkout my post about free float system here
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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