CDSL WAIT FOR 250 FOR FRESH ENTRY.CDSL - CENTRAL DEPOSITORY SERVICES LTD.
CMP : 234.
BUY ONLY IF SUSTAINS ABOVE 250.
CAN TAKE SHORT POSITION WITH 250 SL INTRADAY BASIS.
CDSL COULD DRIFT LOWER TO 160-180 OR MUCH LOWER, IF 250 NOT TAKEN OUT IN COMING SESSIONS.
TRADE CAUTIOUSLY.
BETTER BOOK SOME PROFIT AND WAIT FOR 250 TO CROSS FOR FRESH POSITIONS.
CDSL
CDSL: INVESTORS' ENVY @ GOLDEN RATIOStock is trying to build a base at around 335-340 levels, which is also 61.8% of the entire bull run from 243 to 486. So it could be a buy at current levels or on intraday pullbacks, as one likes. The Stop would be below 335.
Strategy :
1) The stock bounces from this level -- In this case partial profit would be taken at 362 so that even if the stock reverses from 362 we would not lose. Final target would be near 393.
2) The stock does not bounce -- In this case stop loss would be triggered :DD
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