My recommendation to go long on Nifty in the demand zone of 5050-5080 was triggered as Nifty touched 5076 and rebounded to touch 5120. A good 40 points upmove from the demand zone predicted. Giving us 40 X 50 = Rs. 2000/- profit on margin of Rs. 27000/-. A 7.40% returns on todays trade.
Congrats !!! to those who followed the recommendations.
--X--
RCOM Analysis
 |
| RCOM Options Data - August Series |
Tomorrow is July series expiry we can see RCOM Option data for August suggesting 55 as likely support and 70 as likely resistance for August 2012.
Remain alert for buying opportunity in RCOM if price stops falling below 55.
Best buy region is 55-59 for the 1st target of 63 and 2nd target of 70.
Stop loss will be 54
No comments:
Post a Comment