Dear friends, we see the market sentiment is bearish. If you look into the present scenario of World and Asian Market, it is a mixed approach. You may see a flat trading session today and it may give a pull back on second half of the session. Yesterday ICICI Bank hits the 1st target on short call. But, it recover well from day low. We expect a up move on same today also. RELIANCE open with bearish note yesterday and make a low of 941.35. It form a bullish candle at its Lower Low.It is expected a strong up move despite unclear movement of market. So I recommend to Long RELIANCE from lower level with a little risk.
LONG RELIANCE @ 947 STOPLOSS 941 TARGET 956, 961
Please refer the chart and trade accordingly. Don't forget to trail the stoploss to lock your profits.
LONG RELIANCE @ 947 STOPLOSS 941 TARGET 956, 961
Please refer the chart and trade accordingly. Don't forget to trail the stoploss to lock your profits.
Happy trading.
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