RECAP
Nifty triggered short stop loss, and just as we had writen, moved to 5075 and zooomed to 5162.
Readers who short sold JP Associates would have had the oppurtunity to book profit close to 6000 rupees
per lot before the stock reversed direction.
NIFTY
Long Level
Buy nifty future around 5090 with stop loss of 5057 for targets 5185, 5240, 5270.
Short Level
Nifty future breaking 5057, short on retracement to 5085 with stop loss at 5110 for targets
5030, 5000, 4945.
TATAMOTORS- Long Pick
Tata motors looks good for a break out trade.
Buy tata motors future around 705 with stop loss at 695 for target745
Bank Nifty future Trading Levels
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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