Our trailing stop loss for Nifty has triggered on Friday last week at 5680, we saw 5760 on upside that day which has became strong resistance for Nifty as 200 DMA stood near that.
This week market has very volatile movement at both side, we saw 5760 and 5503 level for Nifty, it has closed at 5600 today. It seems both side, bulls and bears have equal force in market, Nifty has support around 5540 and 5500, closing below 5500 will trigger Nifty falling to 5400-5420.
PFC shown strong up move today, one can buy this counter near 208-210 with stop loss around 198 for short term target 220 and medium term target 250.
Happy Trading .....
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
This week market has very volatile movement at both side, we saw 5760 and 5503 level for Nifty, it has closed at 5600 today. It seems both side, bulls and bears have equal force in market, Nifty has support around 5540 and 5500, closing below 5500 will trigger Nifty falling to 5400-5420.
PFC shown strong up move today, one can buy this counter near 208-210 with stop loss around 198 for short term target 220 and medium term target 250.
Happy Trading .....
See syllabus for Technical analysis training in Mumbai,India.
No comments:
Post a Comment