The Month That was and Over now

The Month to Remember.

• A great month with huge whipsaws in a down trending channel.
• As of now Expiry is Over and owing to the new series i am expecting a rally till 4980 - 5066 as of now.
• Tomorrow we may hit a bottom and then rally or directly start rallying tomorrow.
• Buy with a SL of 4763-4667.
• Remember this is to be played only for the bounce as the trend will remain bearish till we dont close above 5588
• SL of 4980 was for August --- It remains "NULL & VOID" for September

Chill !!!!!!

NOTE : Also i am playing in TATA STEEL  480 calls for a Decent Bounce till 510-520

Chart Speaks---Below is the 18 month Chart  of TATA STEEL

Source : www.icharts.in

Contra Approach

• This doesn't mean that you cannot short --- Still it is Sell on Rallies. One may also try Shorts with SL of 4880 or 4915.
•  I am thinking of buy because still we haven't closed below  the May - June 10 Lows of 4786. So the Buy.

See you tomorrow at the Trading Dice :)