I’ve had a delayed start to my day today…
From the comments posted, I presume that there is a problem with Blogger, so I hope all goes through well.
Anyways I’ll keep posting the market action as I see it from now on.
Description : Buy Axis bank
Cost : 1197
Sl : 1187
Target : 1211, 1233.
Axis bank at target 1. @ 1211 now.
Book out 50 % and bring SL of balance to cost at 1197.
24 points above my buy point in Axis bank, my broker is asking me to look at Axis bank,now at 1220 for a buy spot.
I told him to check Vtrender. We called it at 11.34. LOL.
Axis bank @ 1227 and running into resistance a little before our 1233 level.
I suggest booking these 30 odd points we have made here as the larger market is also at resistance.Those who want to hold can do so with SL below 1210.
Nifty spot struggling at VAL 4957 for past several mins.
Odds of a move down increasing. Watch on at 4926 NF for a confirmation.
A very noisy last 30 mins of trade.More often than not it is designed to take out a few technical analyst presumptions or to ramp up volume in a dull day.
In Mp it is the least important of all the other half hour time frames.
Hope you had a good day.