CNX-Bank Index
closed at 15673.20on 21-8-2014
SUPPORT: - 15626.90 /
15592.80 / 1568.05 / 15499.70 / 15267.60 / 15144.75 / 15137.60 / 15089 / 14933 / 14858.90 / 14857.50/ 14709.30 / 14709.10
/ 14338.65 /
RESISTANCE: - 15725.80 /
15742.05/ 15930 / 16308 /.
(Figures
in bold are important)
Index opened on a flat note at
15475.50 and made a low of 15462.50 and a high of 15721.95 for the day before
closing the day near the high at 15673.20, it went very close to its previous
all time high of 15742.05 but could not cross it, may be it will cross it in
coming 2-3 days time .It showed some strength today and I hope that this
continues, therefore I would suggest to buy on dip now but avoid fresh long
calls below 15448 . Please be get alerted in long trade below 15244 and get out
of the long position if it closes below 15177.
REMARK:- Long term trend is still up. I
suggest to buy on dip at appropriate levels and with an adequate stop loss.
Kindly note that make your cost your
stop loss in favorable trade and then trail it as the price move up/down to
gain maximum profit and avoid losses. Use support and resistance levels as
entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS
Note: Price stated here
is of spot market
Contact me for
strategic guidance to enter and exit the trade
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