nalinakshi
Education

intraday play for interglobe

NSE:INDIGO   INTERGLOBE AVIATIO
on monday.
Comment: reason i expect pull back is on daily chart the price is at 50 day moving average and resisting, now it has taken support around 810 , from 810 890 it was very swift move in a day, if you see the price action friday it fell into range , so it needs to gain momentum to hit the wall of resistance and breakthrough, so he will run back to the level of reasonable price level where he will gather momentum. so 32/82/ 842 becomes imp levels of supports while running down, u if these levlels are held then he will run back. sos watch out this sotock for monday. i hope i have made an attempt to explain novice traders to take the trade.
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