As for Nifty, the IIP numbers are once again positive. A double digit industrial growth is surely a positive.
The Nifty (as analysed earlier) is now closing below 4930... Till that happens , don't become bearish... Buy trades may be taken - with caution ofcourse.
Bombay dyeing gave a 'technical break out' yesterday. On the medium to long term charts, the trend is positive.
I expect that a break and close above 430/- will give an intial target of Rs 490 and a longer term target of Rs 550 Plus. Keep SL near Rs 375 after thebreak out occurs.
Those of you in an around Baroda may note that the next Batch of Basic Technical Analysis workshop will commence Nov 2 (Tuesday) and Advanced Technical Analysis Workshop will commence on Nov 6 (Friday) - You may email me if interested
Happy trading !
CA Rajiv D Khatlawala
Valuetrade Academy Pvt Ltd.
3 comments:
Rajiv, congratulations and best of luck on your new venture.
As far as Gold is concerned, it did break out above 16000 yesterday and closed at 16036. You think we can enter in gold now??
Rajiv...pls provide your inputs....i entered longs at 16020....and now it is back to 15850...pls suggest if I was right and whether I should hold with a stop of 15500??
Rishi . . . the trade is still active ...
Post a Comment