Few facts to note before starting off todays analysis
- Annas strike comes off giving market a reason to rally
- Western markets after Ben's speech as well have been rallying now
Lets move to scrip specific trades
Reliance Capital formed a Harmi pattern today - signifying that the downtrend had for the moment stalled. Stocs is in buy and if tomorrow is a positive day for scrip - macd may also give a buy triggering a buy in the scrip. Strategy - Any shorts should be closed after 10.15am if the prices are above the 8 day average which comes in at 390.
JP associates again has given a harami candle pattern signifying stall in downtrend. Hence prices sustaining above 59, close the short positions.
DLF again forms a bullish harami telling us to close our short positions. The downtrend is halted and the short positions should be closed.
No comments:
Post a Comment