Yesterday , -It opened at 4955-4958 level…and rallied upto 4925 to close @ 4917.
Now ,What to expect ?
7 DEMA :4935 level.
-It will have to cross this level to show another round of Teji.
-Above 4935 level if trades with volumes for 5-10 minutes then expect rally upto 4963-4978 level.
Strategy :Around 4950-4965….Go short with stoploss of 4978 level.
Suppose not crosses (Yesterday’s high ) of 4925 & trade below 4916 level…..then watch slide upto 4881.There after 4855-4846 not ruled out.
-Above 4935 level if trades with volumes for 5-10 minutes then expect rally upto 4963-4978 level.
Strategy :Around 4950-4965….Go short with stoploss of 4978 level.
Suppose not crosses (Yesterday’s high ) of 4925 & trade below 4916 level…..then watch slide upto 4881.There after 4855-4846 not ruled out.
