Saturday, 8 August 2020

A TECHNICAL VIEW ON CNX-NIFTY FOR –10.8.2020

 

CNX-NIFTY

Open-11186.65--High-11231.90—Low-11142.05—Close-11214.05 on 7.8.20203

Support:11171.55/11158/11114/11056.55/10991/10894.05/10882/10847.85/10676.55/10583.65/10562.90.

Resistance:11239.80/11270/11341.40/11378/11447.

Critical Points moving down:-11171.55---11158---11114---11056---10991

Critical Points moving up: -11239.80---11270---11341---11378---11447.

 (Bold and underlined figures are most important)

It is still above its important point of 11158(it can change) but yet to move above its critical point or the acceleration point of 11240 & 11270. Please note that it will pick up momentum once it closes above 11270 and sustain on the closing basis. Therefore the short trading range for now is between 11158----11270 and the broad trading range would be 11158---11378---11447.It is important to mention here that in the recent past it has tried to cross its critical point of11240---11270 many times but failed, so if it has the strength it should cross these points in next 3-4 trading session else chances of breaking important point of 11158 will enhance and break below this mark can push it back into the correction mode. Technical setup looks o.k. for the up move as of now.   

In view of the above observation long trade can be tried on decline but not below 11158 or can be tried if it moves and maintain at least above 11240 for some time. Short trade can also be attempted if it breaks 11158 levels and sustain below it for some time or attempt it after a reasonable rise in the appropriate range for taking advantage of the possible corrective move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY

1. Buy on decline but not below 11158 with a stop loss of 11130.

Or

Buy if it moves and maintain above 11240 for some time with a stop loss of 11205.It could be a risky trade.

2. Sell on the rise near or within the range of 11300---11350 with a stop loss of 11390.It could be a risky trade but worth trying.

Or

Sell if it maintains below 11158 or fall below it at any point of time during the day and stay below it for some time with a stop loss of 11220. It could be a risky trade but worth trying.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX--BANK NIFTY FOR –10.8.2020

 

CNX--BANK NIFTY

Open-21620.25--High-21787.25--Low-21451.30—Close-21754 on 7.8.2020

Support:21611.40/21546/21536/21462.40/21122.10/21031.45/21026/20926/20501/20324.

Resistance:21768/21807/21865/21967/22378/22418/22479.85/23080.60.

Critical Points moving up: 21865---22122----22378---22418---22479.85---22697.

Critical Points moving down: - 21536---21464---21375---21027---20926.

(Bold and underlined figures are most important)

It is holding its critical point of 21537 & 21546(it can change)  good sign and if it continues to holds these points then the up move may continue off course with intermittent correction. Moving up it will face resistance at 21864—21936---22121---22378---22697---22775 levels and it may gain some strength for the up momentum if it moves and maintain above 21936. Please note that sustained break below its critical points of 21537 & 21546(it can change) levels can push it into corrective mode again.

 In view of the above observation long trade can be tried on decline but not below 21537 or can be tried if it moves and maintain at least above 21936 for some time. The technical setup is not that strong as of now in comparison with Nifty-50, therefore traders should be extremely alert and cautious in the long trade. Short trade can also be attempted if it breaks 21537 levels and sustain below it for some time or attempt it after a reasonable rise in the appropriate range for taking advantage of the possible corrective move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY

1. Buy on decline but not below 21537 with a stop loss of 21430.

Or

Buy if moves and maintains above 21936 for some time with a stop loss of 21840.It could be a risky trade but worth trying.

 

2. Sell if it moves below 21537 and maintain for some time with a stop loss of 21650.

Or

Sell on the rise near or within the range of 22250---22450 with a stop loss of 22550. It could be a risky trade but worth trying.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

Friday, 7 August 2020

A TECHNICAL UPDATE ON MOTHERSON SUMI SYSTEM LTD–7.8.2020

MOTHERSON SUMI SYSTEM LTD

Closed at Rs.99.95 on 6.8.2020

Support:92.65/91.10/90/86.25/77.10/72/70.65/54.20/50.95/48.65.

Resistance:101.75/104.30/106.20/111.65/115.70/118.50/121.40/125.60/128.35/139/147.50/151.

Critical Points moving down:-91---70----60----48.65.

Critical Points moving up: -106.20----118.50----128.35---139---151.

 (Bold and underlined figures are most important)

It is not on a very strong footing technically, furthermore it has perfect Head & Shoulder formation on the monthly chart and the neckline is at 91 and if breaches this mark and sustain on the closing basis then it could fall sharply, which may please be noted. However now it is moving sideways and consolidating in the range of 91---106.20 and breakout on the either side will decide whether it will move up or down. Short term parameter seems o.k. at this point of time therefore upside breakout looks a distinct possibility.

Since it is range bound now therefore those investor who are already having it should hold it with a stop loss of 86  and those who wish to invest a fresh can buy near 91 but not below it with the same stop loss of 86. Please note that it may pick up strong up momentum only once it crosses 106.20 marks and sustain on the closing basis. Therefore for traders it is suggested to initiate long position only if it sustain above 106.20 on the closing basis with a stop loss of 103.50.

NOTE: - It is the technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore investors are advised to look into fundamental, financial details of the company and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favourable 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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 


Thursday, 6 August 2020

A TECHNICAL VIEW ON CNX-NIFTY FOR –7.8.2020

CNX-NIFTY

Open-11185.70--High-11256.80—Low-11127.30.05—Close-11200.15 on 6.8.20203

Support:11171.55/11158/11114/11056.55/10991/10894.05/10882/10847.85/10676.55/10583.65/10562.90.

Resistance:11239.80/11270/11341.40/11378/11447.

Critical Points moving down:-11171.55---11158---11114---11056---10991

Critical Points moving up: -11239.80---11270---11341---11378---11447.

 (Bold and underlined figures are most important)

It closed above its critical point of 11158 today and if it holds this level it could continue the up move off with intermittent correction, but it will pick up strong up momentum only if it moves and sustain above 11240 & 11270 on the closing basis which may please be noted. Apart from these two points moving up it will face stiff resistance at 11341----11378---11447 levels and sustained close above 11447 level only can take it higher to near its all time high of 12430.50 or beyond. Looking at last 2-3 days trading movement, I still feel that holding its critical level of 11158 looks slightly dicey at this point of time, so watch out. Please note that sustained break below this level can push it into corrective mode again.

Since it closed above its critical point of 11158, therefore long trade can be tried on decline but not below 11158 in any case. Short trade can also be attempted if it breaks 11158 levels and sustain below it or attempt it after a reasonable rise in the appropriate range for taking advantage of the possible corrective move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY

1. Buy on decline but not below 11158 with a stop loss of 11120.

2. Sell on the rise near or within the range of 11280---11330 with a stop loss of 11380.

Or

Sell if it maintains below 11158 or fall below it at any point of time during the day and stay below it for some time with a stop loss of 11210. It could be a risky trade but worth trying.

Or

Sell if it moves and maintain below 11120 for some time with a stop loss of 11175.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favourable 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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 


A TECHNICAL VIEW ON CNX--BANK NIFTY FOR –7.8.2020

CNX--BANK NIFTY


Open-21644.25--High-21926.55--Low-21370.30—Close-21642.60 on 6.8.2020

Support:21611.40/21546/21536/21462.40/21122.10/21031.45/21026/20926/20501/20324.

Resistance:21768/21807/21865/21967/22378/22418/22479.85/23080.60.

Critical Points moving up: 21865---22122----22378---22418---22479.85.

Critical Points moving down: - 21536---21464---21375---21027---20926.

(Bold and underlined figures are most important)

It closed above its critical point of 21537 & 21546(it can change) today and if it holds these points then the up move may continue off course with intermittent correction. Moving up it will face resistance at 21864—21936---21121---22378 levels and it may exhaust or take a breather by correcting at any of these points before deciding the further direction. Looking at last 2-3 days trading movement, I still feel that holding its critical level of 21537 & 21546(it can change) looks slightly dicey at this point of time, so watch out. Please note that sustained break below these levels can push it into corrective mode again.

Since it closed above its critical points of 21537 & 21546 therefore long trade can be tried on decline but not below 21546 in any case. Short trade can also be attempted if it breaks 21537 levels and sustain below it or attempt it after a reasonable rise in the appropriate range for taking advantage of the possible corrective move because it seems that this up move may not last long.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY

1. Buy on decline but not below 21546 with a stop loss of 21400.

2. Sell if it moves below 21536 and maintain for some time with a stop loss of 21650.

Or

Sell on the rise near or within the range of 21950---22200 with a stop loss of 22300. It could be a risky trade but worth trying.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favourable  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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 


Wednesday, 5 August 2020

A TECHNICAL VIEW ON CNX-NIFTY FOR –6.8.2020

CNX-NIFTY

Open-11155.75--High-11225.65—Low-11064.05—Close-11101.65 on 5.8.20203

Support:11090/11056.55/10991/10894.05/10882/10847.85/10676.55/10583.65/10562.90.

Resistance:11114/11118/11158/11171.55/11239.80/11270/11341.40/11447.

Critical Points moving down:-11056---10991----10950---10880---10860---10746---10718.

Critical Points moving up: -11114---11158----11171.55---11239.80---11270---11341---11447.

 (Bold and underlined figures are most important)

It opened with an up gap at 11155.75 and made a high of 11225.60 and then plunged down sharply and made a low of 11064.05 and finally closed with a small gain of 6.40 points. Today’s move indicate that yesterday strong up move was a well-engineered one because had it been a genuine move then it would have seen a good follow on up move today on the closing basis, therefore todays move somewhat shows inherent weakness in it. However it is moving in a range of 10991---11158---11240 now and as long as it holds 10991 on the closing basis it could oscillate in the said range, only sustained close above 11158 will indicate that it could move up in a steady manner but it will pick up strong up momentum only if it moves and maintain above 11240 & 11270 on the closing basis, which seems less likely to happen as of now. Similarly sustained break below 10991 may accelerate the down slide.

In view of the above observation the present up move it not giving enough confidence because it is not sustaining above its critical points on the closing basis, but it has not given an apparent weak indication either, therefore long trade can only be tried if it maintains above 11158 on the closing basis. It means long trade is a complete avoid for the day. Since price movement is exhibiting weakness and the erratic and volatile move in it may end the up rally at any time, therefore till it closes above 11158 short trade can be attempted on the rise in the appropriate range or on the price breakdown for taking advantage of corrective move or may be for a possible rally breakdown advantage.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY

1. Sell on the rise near or within the range of 11240---11300 with a stop loss of 11360.

Or

Sell near if it does not move beyond 11158 or fall below it at any point of time during the day and stay below it for some time with a stop loss of 11190. It could be a risky trade but worth trying.

Or

Sell if it moves and maintain below 11056 for some time with a stop loss of 11115.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favourable 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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 


A TECHNICAL VIEW ON CNX--BANK NIFTY FOR –6.8.2020

CNX--BANK NIFTY

Open-21686.85--High-21936.50--Low-21448.40—Close-21509.95 on 5.8.2020

Support:21462.40/21375/21122.10/21031.45/21027/20926/20501/20324.

Resistance:21546/21611.40/21768/21807/21865/21967/22338.

Critical Points moving up: 21546---21640---21865---22338.

Critical Points moving down: - 21464---21375---21027---20926---20501.

(Bold and underlined figures are most important)

It gave a robust up move by more than 440 points intraday today from its previous days close, but could not sustain at the higher levels and closed with a small gain of 19.45 points. Furthermore despite huge intraday up move it is still below its critical points of 21537 & 21546(it can change) which indicates gross weakness in it. Therefore if it does not move above these points in next 1-2 trading session on the closing basis then the up move may fizzle out and it can resume down move again.

In view of the above observation, since it is giving terribly weak indication, therefore long trade should be avoided till it closes above 21546 and sustain. It means long trade is a complete avoid for the day. Since price movement is exhibiting weakness and the erratic and volatile move in it may end the up rally at any time, therefore till it closes above 21546 short trade can be attempted on the rise in the appropriate range or on the price breakdown for taking advantage of corrective move or may be for a possible rally breakdown advantage.

 NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY

2. Sell if it moves below 21440 and maintain for some time with a stop loss of 21560.

Or

Sell on the rise near or within the range of 21950---22200 with a stop loss of 22300. It could be a risky trade but worth trying.

Or

Sell if it moves below 21375 and maintain for some time with a stop loss of 21460.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favourable  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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 


A TECHNICAL UPDATE ON MCX-SILVER-5.8.2020

 

 

MCX-SILVER

 

Closed at Rs.69797=00 on 4.8-2020

SUPPORT:67382/66764/65723/65405/64986/64404/63930/62574.74.

RESISTANCE: 69889/70371/73117/73600/75300/76108/82525/84744/89252.

Critical Points Moving Up:-73600.

Critical Points Moving Down:-65405.

(Bold figures are very important)

It was technically o.k. earlier also (see my post of 31.7.2020) but now it is exhibiting tremendous strength as it is far above its critical, important and benchmark point of Rs. 65405 which indicates that if it holds this level it is heading to test its previous all time high of Rs.73600 it made on 24.4.2011 or may go beyond also chances of which looks very bright at this point of time. However intermittent corrections are not ruled out. The present trading range for it is between Rs.65405---Rs.73600 and sustained break above Rs.73600 will take it to much higher levels, similarly sustained break below Rs.65405 can push it into correction mode which may please be noted. The overall technical setup indicates that the chances of the upside breakout is pretty high. The long term trend is up.

In view of the above observation, it is strongly suggested to buy on decline but not below Rs.65405 because then it may correct, so in that case buying should only be done once it bounces back above this mark again and sustain on the closing basis. The bias as on now is highly bullish.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.                        

 

Kindly note that make your cost your stop loss in favourable  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

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

 

 

 

 

 


Tuesday, 4 August 2020

A TECHNICAL VIEW ON CNX-NIFTY FOR –5.8.2020

CNX-NIFTY

Open-10946.65--High-11112.25—Low-10908.10—Close-11095.25 on 4.8.20203

Support:11090/11056.55/10991/10894.05/10882/10847.85/10676.55/10583.65/10562.90.

Resistance:11114/11118/11158/11171.55/11239.80/11270/11341.40/11447.

Critical Points moving down:-11056---10991----10950---10880---10860---10746---10718.

Critical Points moving up: -11114---11158----11171.55---11239.80---11270---11341---11447.

 (Bold and underlined figures are most important)

It bounced back robustly from its first support point of 10880(see my post for 4.8.2020) and crossed its critical point of 10991(it can change) decisively and if it holds this mark it can move up further. Moving up it will face resistance at 11114---11158---11171---11240---11250---11341 levels and if it moves and maintain above 11158 on the closing basis then the up move may gather strong momentum. It is important to mention here that after yesterday’s sharp down move today’s up move some what seems unexpected and looks a well orchestrated one and if it is so then this move should fizzle out in next 2-3 days time, else the up move will continue with in between down correction..

In view of the above observation long trade can be tried on decline near but not below 10991 or if it maintains above 11114 Or 11158 but with extreme caution and alertness because today’s up may end abruptly if it does not move above 11158 and sustain on the closing basis. If it gives an indication of up move exhaustion then short trade can also be attempted at the appropriate points for taking advantage of the corrective move or may be for a rally breakdown advantage.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY

1. Buy on decline near but not below 10991 with a stop loss of 10950.

Or

Buy if it moves and maintain above 11114 for some time with a stop loss of 11080.

2. Sell if it moves below 10950 with a stop loss of 11000.

Or

Sell near if it does not move beyond 11158 in first two hours of trade with a stop loss of 11175. It could be a risky trade but worth trying.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favourable 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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 


A TECHNICAL VIEW ON CNX--BANK NIFTY FOR –5.8.2020

CNX--BANK NIFTY


Open-21248.25--High-21576.35--Low-21057.75—Close-21490.50 on 4.8.2020

Support:21462.40/21375/21122.10/21031.45/21027/20926/20501/20324.

Resistance:21546/21611.40/21768/21807/21865/21967/22338.

Critical Points moving up: 21546---21640---21865---22338.

Critical Points moving down: - 21464---21375---21027---20926---20501.

(Bold and underlined figures are most important)

It gave a pullback rally as envisaged in my post for 4.8.2020 it did cross its critical point of 21537 & 21546(it can change) intraday but could not close above it. Please note that only sustained close above these point can help it pick up momentum else this up move may fizzle out in next 2-3 days time. However moving up it will face resistance at 21760---21885---21940---22122---22379. Similarly moving down it will find support at 21464---21375---21027---20926 levels and sustained break below 20926 may accelerate the down move.

In view of the above observation long trade can only be tried if it moves and maintain above 21546 on the closing basis, buy on decline should be avoided because if it does not move above its critical point of 21537 & 21546(it can change) then this up move may end abruptly also.  In light of this short trade should also be attempted at appropriate points for taking advantage of the down move.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY

1. Buy if it moves and maintain above 21546 for reasonable period of time with a stop loss of 21455.

2. Sell if it moves below 21375 for some time with a stop loss of 21500.

Or

Sell if it does not move above 21546 in first two hours of trade with a stop loss of 21620. It could be a risky trade but worth trying.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favourable  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 are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.