I should never try drawing again for sure. :D
Anyway, lets get down to this weekend's educational article.
- ALL ABOUT INDIAN MARKETS INDICES.
Something i feel every market participant, new or experienced, must know about.
READ: tradersworld.co.in
BUY PC JEWELLER ABOVE 85
TARGET 97, 110, 136
SL 71.5
A disciplined trader should avoid such scripts on regular basis but kabhi kabhi spinner ke sath bhi crease se bahar ana padta hai. :)
Some points:
1. OBV and PRICE Bullish divergence
2. Healthy candles
3. An upmove followed by a retracement
4. Has started to move up again (Latest candle)
5. Oversold
Prefer to Buy to any dip around 206 (Upto you to wait for the dip or enter now, I would wait)
Target 230
SL 189
1. Bollinger bands bullish expansion with OBV confirmation
2. Last month HDFC mutual fund bought 10.60 Lac shares at avg price of 184
3. Currently in new highs territory
If given opportunity by the market to execute trade tomorrow,
One can short for target of 26035 and Stop loss 26865 .
(If market allows to enter but not at current level, then trader is free to improvise, for an idea the stop loss can be taken down to latest minor swing high at 26700 in case entry is significantly lower than recommended range)
A small report...
Volatility is back in the markets after a while and does not look like it will cool off anytime soon.
Another series of spikes is expected which can take INDIA VIX to 25.
Weekly chart of the volatility index shows the range between 16-25 for coming months.
High VIX = Inflated premiums on option contracts.
For beginners ,
India VIX is a volatility index...
