CUMMINS : cmp : 994.65 A wedge kind of pattern has been formed in daily chart as well as hourly chart. Above 1000 can go upto 1100+ RSI trending up. Buy on dips.
Accumulation zone : 985-1000 Profit booking zone may be : 1018 - 1058 SL 978/According to your risk appetite.
Positionally can move 1100+ Sl 958 Dclbs
March Future as well as Option :March 1000CE can be look after.
Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally
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Trade active
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short term 1st target reached.
Trade active
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short term all tgt almost reached.
Trade active
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Short term all target reached. Cash , future and option.
Could I take this in option as 1000 ce for marrch 31 expary ? Please explane trgt and sl.
MyKEYtoSENSEX
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@muna1984, if u have very good understanding in option then u can take the position. Still am giving the level .Buy @ 31- 36 tgt 44/50 sl 27. don't carry position overnight.