Opening is flat ,to down,buy abv 5455 sl 5435 tgt 5520-5610.sustain below 5450,sell with SL 5475 tgt 5400-5370.
Plz keep an eagle eye in coming days,anytime selling can disturb this tempo ॥stay alert, but very optimistic in downside,just wait for one more day
Market opened flat and remained under pressure from higher side due to profit booking and also due to short selling in some heavy weights from higher side।this selling is not a good indication for this rally as market couldn’t sustain in the higher side whenever it tried to go up।in coming days market is seems to be poised and hence a cautions is advisable।Keep exiting in every pull back as of now and keep cash in hand to buy in panic again.
REL.COMM : Major Hurdle 733.......if crosses with volumes will create allround buying and will take to 745 level.
Support exit at 710.....once breaks this level it will crash to kiss 699 level।
We have a moderately bullish view on Rcom. We recommend Bull Call Spread strategy:
o Buy One Rcom Oct 720 CA @ 42.00-44.00
o Sell One Rcom Oct 760 CA @ 32.00-34.00
o BEP: 730
o Tgt: 760
o Investment: Rs.1,00,000 (Approx)
o Time Frame: 5-6 days
*BEP- Breakeven Point, Tgt- Target.