We had gap up opening on last Friday, Nifty closed near 4900. In our last blog, we clearly mentioned that there is one strong probability of double bottom formation in Nifty which is good reversal sign for medium term.
If that to happen, Nifty has to mover above 4940-4950 with good volume.
Open interest has increased with price appreciation which is one of the positive thing for bull market, and this happened first time in last 20-25 days.
Educomp will be bought above 262 with strict stop loss below 250, book profit near 288-290.
IDFC is range bound from last few days, it has to give break out above 118 for next rally. It can touch 124-129 level in short to medium term, stop loss for IDFC will be around 112.
We are positive on other stocks like Tata Motors, JP Associates, DLF also, recommendation for these stocks available only for paid subscribers.
Happy Trading ....
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
If that to happen, Nifty has to mover above 4940-4950 with good volume.
Open interest has increased with price appreciation which is one of the positive thing for bull market, and this happened first time in last 20-25 days.
Educomp will be bought above 262 with strict stop loss below 250, book profit near 288-290.
IDFC is range bound from last few days, it has to give break out above 118 for next rally. It can touch 124-129 level in short to medium term, stop loss for IDFC will be around 112.
We are positive on other stocks like Tata Motors, JP Associates, DLF also, recommendation for these stocks available only for paid subscribers.
Happy Trading ....
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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