DAY PERFORMANCE:
As we mentioned
in our morning note, Market has started with negative bias (rather gap
down and much more than we expected) and moved with in our radar range. As
many times we mentioned, Individual Strip or Trader can not change the
direction of the Market. Finally today also, Infy results could not
change the fate of market.
Gauging
Volatility and Aiming the Profit levels & Stop levels are the KEY
for any traders. Who ever followed these principles, today also many
people might have made profit. As well as who are not followed might
have lost the money. As per Universal Law 20% people gain from 80%
people. So we should try to be in the slot of 20%.
STOCK PERFORMANCE:
LONGS:
RELINFRA: NOT GIVEN ANY LEVELS BUT ASKED TO BE IN LONG, STRIP MADE LOW OF 567.45 AND HIGH OF 598.20.
IDFC: NOT GIVEN ANY LEVELS BUT ASKED TOBE IN LONG, STOCK MADE LOW OF 137.60 AND HIGH OF 141.35.
TCS: NOT GIVEN ANY LEVELS, BUT ASKED TO BE ON SHORTS: STOCKS MADE LOW OF 2668.90 AND HIGH OF 2724.90.
We
wish you happy week end. Since Big Brother (RIL) going to announce
results on 13th (mostly after market hours), take out all your tools to
measure and gauge width and breadth of Big Brother (RIL). But do not try
to weight, because it might be beyond our capacity.
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