If you are a trader in stock futures, then you will be benefited by the weekly levels of all the future scrips. I will post few scrips with levels here and also guide you how to use the levels. We will track the profits for the week based on the levels.
Everyday I will suggest 5 picks and will post the buy level, SL and targets. At EOD I will also post the performance. You must track the same to understand the accuracy of the levels.
| SCRIP | CLO 8/5 | TOP 2 | TOP 1 | MID | BOT 1 | BOT2 |
| ASIANPAINT | 1580.2 | 1767 | 1752 | 1750 | 1737 | 1722 |
| HCLTECH | 518.55 | 587 | 517 | 509 | 446 | 380 |
| RELIANCE | 1556.7 | 1704 | 1519 | 1499 | 1334 | 1159 |
| BHARTIARTL | 528.85 | 599 | 531 | 524 | 463 | 399 |
| HDFCBANK | 922.15 | 982 | 947 | 943 | 911 | 878 |
For example, Reliance has closed at 1556.70. above Top 1- 1519. So we must look for more upside than shorting this scrip. Keep 1700 as target with a buy around 1520 SL 1499.
In case of Asianpaint, the close is below bottom 2. It means this scrip should is not in short and a reversal is possible up to bottom 2.
HDFC Bank is placed between Mid and bot 1. Now you should wait for 911 to break to go short on this scrip for a target of 878. SL is 922.15
Based on the closing prices and the level where it is placed you should decide short and long for these scrips.
In case you need any clarification you may contact me on mail. narayanansrirangam@gmail.com
No comments:
Post a Comment
Note: only a member of this blog may post a comment.