· The Major Trend Of The Mkt Remains Up While From Fii Activity Data Fii And Dii Are Holding The Index As One Day Fii Is Seller And Other Day Dii Is Seller While Either Is Buyer But Since Last 3 Days Fii Are Seller While Openinterest Is Increased In June While Short In May Series Also 4300 Call Is Very Active Which Indicates Close Above 4300 Can Give Further Uptrend While Close Below 4100 Could Drag The Mkt Down Again Weekly Close Is Up So Don’t Short Positional.
- The Main Trend Is Up
- Now We Will Have Bigger Range To Play From 3700 - 4000 - 4670
- LEVEL FOR THE DAY
- TECHNICAL OUTLOOK :
- Imp Support 4215, Imp Resistance 4265,
- Likely Trading Range 4190-4290,
- Trade on long Above 4192 and Vice versa
- Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
SOME BUY RECOMMENDATION FOR SHORT TREM :
HIMACHLFUT (9.50 – 11 ) CMP 12.1 SL 9.00 TGT 13 – 15 – 17
FSL (18 – 20 ) CMP 24.90 SL 17.50 TGT 28 – 31 – 40
PRAJIND (85 – 95) CMP 106 SL 77 TGT 120 – 132 – 150
DISCLAIMER :
No comments:
Post a Comment