R Com - time to Cover Short !!!

The Nifty moved as analysed . Break below 4730 has created heavy selling pressure and I have indicated target of 4400 levels. While we may see some corrective rise after today's fall, the overall trend still remains weak and there are also no specific signals of bottoming out yet. . . .

Among the stock which started crashing before the markets did, was RCOM. But at the current juncture, the risk - return has twisted in favor of buying ! ...



If you are short, you may cover your position and book profits. Aggresive traders may actually enter the stock on break above Rs 170 with a stoploss near to Rs 160. Target should be initially Rs 190 and then near Rs 210.

Happy Trading !

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.