On Friday, Nifty (CMP-5746.95) took a sharp turn and made an intra-day low of 4888.2, which had some negative effect on traders. But now an investor, can get into the market with a stop-loss of 5351 on Nifty. In coming week, Nifty may see some correction and may touch a level of 5634.
               In my last blog, had recommended to go long in Opto-Circuit(CMP-138.35). Due to down-grading done by CRISIL, the script took beating and touched a level of 114.6. One can go long with a stop-loss of 132 (closing basis). Given the previous track record of the said Company am still hopeful on the script. Enjoy !!!

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

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)

Bearish Trend

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.)

CARRY ON

OPTO CIRCUIT(CMP-159) - I still stick to my view. Last two out of three days it opened at lower level and made an attempt to touch 164 but didn't succeed. Tomorrow it should try and give a sharp uptick or will  try to breach this Monday's low of 157 on closing basis. As per the charts,it is still in an uptrend.
              Nifty (CMP-5109.6) tried to breach 5100 on closing basis. Tomorrow, Nifty should give a bounce. Those who trade on NIFTY can go long with a stop-loss of 5076.6 . 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)