Voltas is trading between the zones of supply and demand and currently on demand zones and moving towards the supply zones, we can make a good 1:2.5 RR trade
here on a 1HR tf close near 1060 levels target for 6% and risk can be set near 2% to 2.5%
wait for 1hr close and let it close bullishly on 1hr :) trade with proper risk rules and follow them also let the...
Buy back news is still cooking on Just Dial and it's been on whipsaw up and down. But it's holding its levels above 585/586 I would be interested, else one more round of bottom side test might happen.
Nifty is sitting on the edge .. no good news for the market. global sentiments are bad. Trade deficit depreciating rupee and trade war .. what else was needed. People have been booking great profits on put calls and shorted futures last 2-3 days.
Hopefully Nifty holds these levels.. if not it's gonna test 10,500.
With Saudi increasing output .. it going to get rejected from these levels for the 3rd time and this time it might be a big fall.
Levels for crude could down side target .. long only above 66.35 levels. Cheers!
880 is a golden zone for this stocks. It's holding strong fort at that levels.. Sitting on the neck line of support tomorrow market opening will drive this stocks upside or down. I'm expecting Nifty to be Flat to down side you can look at this stock testing around 890-893 levels.
Nifty went down significantly but Relcap held it's ground compared to other stocks which fell more than 1%. if Nifty stays long one can buy at levels closed to 417 with a small stop loss.. or short below 416.
JD is see saw effect and dancing with Nifty movements. It's a great stocks with fantastic volatility and float. Day traders dream if you get it right.. looks for retrace till 550 if the market runs flat to downside tomorrow..
Trading in Zones!!
Holding on to life Nifty after a big U turn today. Is holding 10780 levels.. break below this bears will be in control of the dalal street and if it opens slightly gap up .. it might stay flat. Focus on specific stocks for movement over all market might be flat.