The rally from bottoms@324-325 look impulsive in nature & came back to 370-377 - an important distribution zone where we expected a fall close to 355 as initial target as suggested in GSFC post.
Actual-356.50 was done today@6th April 2018
What we expect next ? We shall look for a bounce from 355 -356 zones close to 365-368 zone - if motors fail again to hold above 365 means going above 365 & dropping back below 365 in later session shall likely take it back to same levels of 355 & below 355 for lower targets of 340-345.
Tata Motors doing its bearish job in upside maarket - takes lot of effort to do so against unfavourable condition- That's nice
At 373 -373
At 364 - Doing its bearish job
------------------------------------------------------------------------------------------------ GSFC Post - 165 to 113 - Did you jump ?
交易進行
11:26 Hrs 6th April 2018
Last Price@365.70
Entering The Zone 365 - 368 as expected
交易進行
11:45 Hrs 6th April 2018
Last Price@367.50
Plan of Action
We are waiting for motors to fail - "if it fails to hold above 365 - means going above 365 & dropping back below 365 in later session shall likely take it back to same levels of 355 & below 355 for lower targets of 340-345.
交易進行
11:59 Hrs 6th April 2018
Last Price@366.25
Failing close to 368 - upper level as expected so keep stops above current high of 368.50 as per cash data.
交易進行
12:05 Hrs 6th April 2018
Last Price@366.50
Very close to 365 & took U -turn above 365 - further weakness only below 365 levels.
交易進行
12:12 Hrs 6th April 2018
Last Price@366.50
Do not get confused with my style of trading. Risky Traders could sell close to top level of 368 - with stops above 368.50 & Safe Traders should sell below 365 -stops remain same as 368.50 for downside target of 355 below 365.
交易進行
12:55 Hrs 6th April 2018
Last Price@364.30
Book Partial Profits & Take Rest or Out -if it is not dropping below 364 next or Nifty Holding above 10300 levels.
交易進行
13:26 Hrs 6th April 2018
Last Price@364.50
Nifty Holded 10300 levels & Tamo slightly went below 364 & bounced back above 364 - Book partial profits & out - If Nifty starts moving above recent high of 10330 - 10335 - Intraday Bulls return back in Index & drive the motors as well for an upside ride.