Even though volatility in the market has started to increase. It is stable and holding its levels Positively.
With every Swing in it, volatility is reducing & it can give huge returns in a shorter period.
One Can take Stop loss near the zone of 1760 (Tight SL) and 1700 as a (Loose SL)
Trade horizon can vary on movement of the stock, (Ideally 3-6 months)
I'll keep you updated here so make sure to follow for updates. and you can ask questions in the comments.
Follow for Such Ideas
Comment:
Less erratic than other Nifty 50 equities, Grasim is currently trading between yesterday's high and low; a break of these levels will determine additional future movement.
Comment:
Now that the retest in Grasim has been completed, I anticipate some good moves if the market remains positive. If it falls again, however, options traders should be prepared to take a stop loss.
Comment:
Grasim Update:- The SL of 1760 got triggered. As a result, I have left the majority of my positions (60–65%). I'll take care of the rest. waiting for the major support of 18050-18100 to turn the game.
With a big event coming up tomorrow(Gujrat Election's result), it would be wise to remain cautious with small caps and metals.