Fortune favours the Brave
Well this could be phrase i can use for the upcoming week. A small spike from world market's made our market to regain almost all the loss of previous week. Now put option ranging from 3600 to 4200 undergone a heavy writing, unwinding in 4500 call happen on friday. Which tells more upper side is left out.
But as far as i am concerned, market may move to a maximum range of 4444. Panic buying and short covering may happen only after a close above 4480. On the lower side 4289 is the level to watch out for. Seems a correction at least to 4214 - 4156 is quite possible.
Reliance move on friday creating a doubt in my mind. Monday may be volatile from RIL and RNRL counter, due to court proceedings. Investors can go long on UNITECH in each dip.
Friends, i won't be available on Monday and Tuesday since i have some personal work. If possible i will make posting alone.
Levels to watch out :
But as far as i am concerned, market may move to a maximum range of 4444. Panic buying and short covering may happen only after a close above 4480. On the lower side 4289 is the level to watch out for. Seems a correction at least to 4214 - 4156 is quite possible.
Reliance move on friday creating a doubt in my mind. Monday may be volatile from RIL and RNRL counter, due to court proceedings. Investors can go long on UNITECH in each dip.
Friends, i won't be available on Monday and Tuesday since i have some personal work. If possible i will make posting alone.
Levels to watch out :
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