In my last blog,I said, technically Nifty should rally. Also had mentioned resistance levels of Nifty, which still holds true. Nifty, should find support at 5281 and 5261. Remember, Nifty should take support at the said levels, especially 5261 or Nifty may drag down, up to a level of 5200. 

                 

Opto Circuit(CMP- 158.45) - One should get in, at current level for a target of 163.25. If Opto Circuit is able to cross the said level decisively, you may see a higher level in coming days.Enjoy!!!

**(Note - The views shared are entirely based on my own knowledge. Any loss/damaged caused will be entirely at the follower's own risk)

       

Today Nifty(CMP-5282.55) opened with a gap-up.Now one(traders) can hold on to Nifty with a stop-loss of 5235. Technically, market is poised for a rally upto a level of 5450.Nifty can face resistance at 5316 and 5364. Remember, lot of noise can be heard about monsoon and various other issues so market participant should be alert.

Opto Circuit (CMP-155.55)- I still maintain my stance of bearish trend in Opto Circuit. Last week it made a low of 150.5 and closed at 155.9 on Friday. Today it opened at a higher level of 171, but could not sustain.  Remember, the view point shared by me,is from investor's point of view and the horizon is short term may be for a month or so depending on the trend.Tomorrow, it can give an indication of trend reversal so beware :-).Enjoy!!!

**(Note - The views shared are entirely based on my own knowledge. Any loss/damaged caused will be entirely at the follower's own risk)