BHEL FUT (CMP 1741.90 /- 3.45%)
The stock has declined along with increase in OI as well as del ivery volumes in yesterdays session. The stock is generating negative divergence on the daily chart and indicates further decline to it s recent lows. We recommend traders to initiate short positions on the sto ck for target of 1685 /1625 with a stop loss placed at 1779.
SASKEN FUT (CMP 172.85 / + 8.00%)
The stock has moved out of consol idation zone and witnessed strong price advances in yesterdays trading session. The pr ice adv ance was well supported by increase in OI as well as sharp spurt in delivery volumes . Long positions can be initiated on the stock in the range if 168-172 for price targets of 182 / 194 wi th a stop lo ss placed at 159 on initiation.
GAIL FUT (CMP 392.25 / - 2.30%)
The stock is facing st rong supply around 400 level and is not able to sust ain above this level since past few t rading sessions. The stock is generating negative divergence and is expected to test level of 345. Short positions can be initiated on the stock for the above ment ioned targets with a stop loss placed at 406 on initiation.
MatrixCap
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment