Nifty had gap down opening and trying to consolidate in the range of 4980 – 5020 range till Europe markets opened and then breached the major supports now the next support which is channel supports comes at 4875 levels also hourly charts shall be oversold and a bounce from 4800 – 4875 range is expected in the 2nd half only if Europe markets are +ve as we are following Europe markets now a days but still buying on dip is not advisable only play intraday with the given levels and positional buy only above S & R levels given in the sheet attached as the major supports are breached with heavy volumes.
sir today dlf and hdil in both stop loss hit shall i close the longs or wait pla advise.also next below lvl where i can ave.
ReplyDeletemadhu this fall was unexpected and the wave change suddenly now u can average the same at the levels given as dlf can tgt to 250 max levels while hdil could to 220 - 200 levels but as the hourly charts are oversold and if gap down opening in our range covering my shorts at the channel support and again short if it is breached as bounce from the new low can have tgt to channel resistance near 5050 - 5100
ReplyDeleteONGC call given in call section has acheived all our tgts
ReplyDeleteDo you recognise markets how they are working
ReplyDeletetake abb 23% gap up short sellers are screwed
take ongc today gap up 13%
so each stock will gap up and acheive the tgt like this which will be very difficult to play individaul so always follow some rules
nifty to show some strength only above 4970 levels as per hourly charts
ReplyDeletemarkets still holding yesterdays low
ReplyDelete