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Grasim (Intraday Short)

Short
NSE:GRASIM   GRASIM INDUSTRIES
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Grasim will be announcing its Quarterly Results today. Start of the day looks weak, giving a hint towards expected results. Corrections in the current up-move comes to 61.8 FR level, hence one can take an Intraday short trade for a target of 1100 with a stop loss of 1136.
Trade closed: stop reached
Comment: Stop hit, and then target met. Classic!

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