NIFTY PERFORMANCE:
Based on existing numbers and positions,(buying pattern and indices positions) we have assessed this kind of movement and same have been informed through our morning note. Many might have enjoyed the movement as it is with in our suggested lines.
For more success some times we have to go out of boundaries, same way here also, who are holding out of range positions are practically enjoyed. For example who are holding 8600 pe and 8200 ce (on positional basis) from last 10 days, might be real winners of this series.
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
BHEL: BUY > 258/263.50 TRG 263/268 SL 260 (WAIT FOR NIFTY TREND REVERSE)
ACTUAL: LOW: 263.35; HIGH: 273
ZEEL: BUY> 388 TRG 394/402 SL 385 (WAIT FOR NIFTY TREND REVERSE)
ACTUAL: LOW: 373.10; HIGH: 387.115 (Not initiated call)
RELINFRA: SELL < 594.50 TRG 572 SL 609 (DEC PE WILL BE BETTER)
ACTUAL: LOW: 585.20; HIGH: 607 (Can carry with 624 SL)
580 PE (dec): LOW: 1350; HIGH: 22.75
RCOM: SELL < 103 TRG 99 SL 107 (DEC PE WILL BE BETTER)
ACTUAL: LOW: 101.50; HIGH: 104.70 (With 108 SL can carry)
102.50 pe (dec): LOW: 4.65; HIGH: 5.50
ALWAYS ASSETS SHOULD ACCUMULATE, WHEN THEY ARE GOING THROUGH CORRECTION, BUT NOT IN BOOM PHASE.
SAME WAY ONLY POSITIONAL INVESTORS SHOULD AVERAGE WHEN MARKET ON CORRECTION, BUT NOT TRADERS (WHO ARE KNOWN FOR SHORT LIVED).
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