yossarian121
Short

Hindalco - lower top estd. Short for 200

NSE:HINDALCO   HINDALCO INDS
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1
Short hindalco for targets around 197
Trade closed manually: Cover shorts for now. Intraday low around 224.4. Will look for better levels to short on rebound

Comments

Fell to 228 post results - 226 is the line in the sand. Trading below those levels will trigger sharp bull unwind
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230-220 is a major support for It ...i don't think it willl go down util its break 220....better be long
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It will move upward. It reversed back from 229. For downside it sud close below 229. History speaks. It will come back again around 230 to 233 within 2 days and then upward movement till result. Copper price was reasonably high compare to last quarter. Will be much beneficial for metal companies.
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