One stock which went ahead of the market was RPL which rose from 160/- to Rs 175 in past five days. Now while the market is rising, this stock is showing some signs of fatigue.
Resistance is strong at 175+ levels and it is under performing the overall market on intraday charts.
Consider 168.50 as crucial support. A break below this can lead to further selling in the stock to a level of 155-158 price zone. Keep stop at 175 for any short positions.
Those who are aware of how to practically use option strategies can take good advantage of the current technical structure !!
Most of the stocks evaluated when Nifty was near 4150-4200 levels have achieved targets in about last 10 days. Presume you have taken advantage and booked profits
Happy Trading
CA Rajiv D Khatlawala
1 comment:
hi
why dont you not update your blog regularly now a days?
and whats about your announcement?
Post a Comment