On Friday Nifty(CMP-5099.8) took support at 5077.5, so it will act as a strong support, traders who trade on Nifty should keep it as a stop-loss. But an investor, should have a cautious stance. On Monday, RBI is going to announce credit policy.
Now, Opto Circuit(CMP-155.4), on Friday broke 157 level on closing basis, which was a stop-loss as suggested by me in my previous blog. One should remain out of it. Am looking at a level of 151.6 on it. Opto Circuit should not violate the said level on closing basis or it may grind much lower may be upto 145.8. But for now its in a down trend. Enjoy!!!
(Note - The views expressed in the blog are entirely based on my knowledge. Any loss/damage caused is entirely at follower's own risk.)
Now, Opto Circuit(CMP-155.4), on Friday broke 157 level on closing basis, which was a stop-loss as suggested by me in my previous blog. One should remain out of it. Am looking at a level of 151.6 on it. Opto Circuit should not violate the said level on closing basis or it may grind much lower may be upto 145.8. But for now its in a down trend. Enjoy!!!
(Note - The views expressed in the blog are entirely based on my knowledge. Any loss/damage caused is entirely at follower's own risk.)
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