The Nifty gave a good move up on Friday but is finding resistance near it's earlier support level near 4450-4475 levels. If you remember , post the crash, the Nifty took support near 4450 many times before it fell off to 3800.
During the fall one stock which still has some short term upmove left is HINDUSTAN CONSTRUCTION (HCC) currently quoting at 92/-
I expect that a break above Rs 95.50 should lead it to the 105-110 zone where it should then find resistance. Observe the 'flag' pattern on the charts. Increase in volume in recent trades is an added positive sign.
After break out , keep stop loss near 89/- !!!
AND YES - I SHALL BE MAKING AN IMPORTANT ANNOUNCEMENT IN A COUPLE OF DAYS .. Be Posted on the blog !!!
Happy trading
CA Rajiv D Khatlawala
3 comments:
Sir,
I presume that the Announcement might be of the Launch of your second book.
Piyush
Piyush,
not so fast .... It will still take time
Hi,
Recently, I read ur book for the second time and realised what are the mistakes i was doing earlier.
anyways, whats the major announcement, I have been checking for it!!!
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