Sell Hindpetro at 260 Stoploss 266 Target 240 232 230
Sell Indigo at 1314 Stoploss closing above 1360 Target 1220 1084
Sell Wells Fargo at 49.61 Stoploss 51.5 Target 48 45.5
Stock has been following the green line but the bull market seems to have topped at 650 - 680 band. A strong closing above the Red line may take the stock to 840 980 levels. A consecutive weekly closing below the green line may trigger a huge correction which is not very far off. Will the stock respect the trend this time? Only time will tell...until then lets...
After the big decline in September and October, Nifty seems to be pulling back. But this pullbacks looks weak and now it is testing the crucial 0.618 Fibonacci retracement level. As Lok Sabha elections approach this level may be crucial. Should wait and see how this resolves...
Sell CrudeOil 64.32 Stoploss 64.78 Target 63.7
Sell S&P500 2800 SL 2864 Target 2545 2380 2180 (Positional)
Sell Netflix at 358 Stoploss 374 Target 330 286
Sell BajFinance at 2745 SL 2770 Target 2690
Sell Crude at 66.6 SL 66.95 Target 66 65.35