The stock is looking little bit technically tired ,its CMP is 405.50,it made an all time high of 420.70 on 4.3.2014 and tried to cross this high on 4.4.2014 but could not.this show some weakness in the stock, it may go in for down correction.
REMARKS: Trend is still up but avoid long position now,in fact short call can be taken with a stop-loss 423.Take long call if it stays above 420.70 for 3-4 days or after a reasonable downside correction
Contact me for strategic guidance to enter and exit the trade
REMARKS: Trend is still up but avoid long position now,in fact short call can be taken with a stop-loss 423.Take long call if it stays above 420.70 for 3-4 days or after a reasonable downside correction
Contact me for strategic guidance to enter and exit the trade
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Thank you for sharing your views.