Bears are trembling with anger. They will die their natural death once Nifty sustains above 4560 on Monday. They are expected to resurrect around 4620 - 4630 levels. If this level is passed with gaps we will meet with next throttle of 4730.
On down side the same 4400 & 4500 levels.
I,do not have intentions to go Intraday, due to higher degree of volatility this week.
However, i have some swingers from 3 to 6 days trading range. Have a look :
Calculated for Monday only :
Closely watch :
- AMTEKAUTO @136.45 if manages above 142.5 on closing basis go long.
- BAJAJHLDN @467.8 if manages above this level (which is most likely) on closing basis go long for tgt upto 510.
- BANCOINDI@34.25 if manages above 35.80 on closing basis go long for tgt upto 40.
- ATLANTA@107.95 if manages above 110 on closing basis go long for tgt upto 120.
Keep strict stop loss while taking these trades. Do not long if levels are not met.
Yet, for 24.08.09 MPHASIS & LT are luring me @cmp and lower for some Intraday gains.
On Monday no Nifty swinging - as i'll not be able to concentrate due to some other works.
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