Well As expected every thing is melting.
Still more to come for the first time weekly close has been below 7500 - 7280 is the obvious target .
Stay Short and Raise SL to 7640 NS now - - EOD Basis . Don'tt forget to cover shorts in the 7280 - 7380 range . After wards Stay Light .
Look for Oil and Gas sector to short - - The last capitulation will end will The Big B Reliance . Agreed Reliance is in a Secular Bull Run - But retracement till 1000 - 980 - 960 cannot be ruled out .
Happy Weekend ! !
Still more to come for the first time weekly close has been below 7500 - 7280 is the obvious target .
Stay Short and Raise SL to 7640 NS now - - EOD Basis . Don'tt forget to cover shorts in the 7280 - 7380 range . After wards Stay Light .
Look for Oil and Gas sector to short - - The last capitulation will end will The Big B Reliance . Agreed Reliance is in a Secular Bull Run - But retracement till 1000 - 980 - 960 cannot be ruled out .
Happy Weekend ! !
PT Sir,
ReplyDeleteif nifty slide below 7380-50 then aren't we going to see 6800? Or is their any other major support below 7380-50 (like 7280 as you mentioned) which needs to be watched closely.
Regards
Hardeep Thakur
nimesh bhai i want to short BPCL around 942 to 945 with sl 950, is it right approach please comment.
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ReplyDeletePT Sir,
ReplyDeleteif nifty slide below 7380-50 then aren't we going to see 6800? Or is their any other major support below 7380-50 (like 7280 as you mentioned) which needs to be watched closely.
Regards
Hardeep Thakur
#Hardeep - - 7280 is the level where we can buy for bounces - - below 7280 - - 6739 will come in place --- avoid shorts at lower level
ReplyDelete@JSRM - - Wait for bounce -- Dont short at Present - - Oil and Gas sector still has not given confirmation of Sell
#Hardeep - - 7280 is the level where we can buy for bounces - - below 7280 - - 6739 will come in place --- avoid shorts at lower level
ReplyDelete@JSRM - - Wait for bounce -- Dont short at Present - - Oil and Gas sector still has not given confirmation of Sell
thanks nimesh bhai.
ReplyDelete