IDEA Cellular caught my attention as there was a huge volume spike yesterday - both in cash market as well as in futures ...
The volume spike has occured near the previous low and hence could be significant technically. ..
Wait for a break above Rs 52.50 for entry in the stock keeping a stop near to Rs 47/- for a corrective rise near to Rs 61- 63...
On other scrips , it seems that today's ,major movement were 'derivative expiry' influenced and hence better to evaluate them tomorrow.
(I am sure you have gone through the 'SUPERTRADER' writeup... Do let me know how you find the concept)
Happy Trading!!
CA Rajiv D Khatlawala
www.investogyan.com
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