Trade Alert : Bank Nifty
Description : Short BN future at 10731. Positional call. Sl : 10795 Target : 10530. Bank Nifty has moved up about 400 points in one session. We are noticing the index beginning to form a “p” shape, which indicates that the longs are moving out. We are anticipating a move below the value area on […]
Trade Alert : Sterlite
Description : Buy Ster in cash at 162.1. Positional call. Sl : 156 Target : 172/ 178 Sterlite has seen a strong downtrend and a “b” shaped profile developing. We feel that shorts from higher levels are exiting and longs should enter. This is an aggrresive play.
Trade Alert : RNRL
Description : Buy RNRL above 39.1. Positional call. Sl : 38.1 Target : 42.85 After a long downtrend, RNRL seems to be balancing out. We are looking to take longs above POC as a confirmation of that, with a stop below previous lows. We are looking to target the high volume node at 42.85.