PantaloonR is bouncing back towards its Retracement level (225.25-172.70) of 199 (50%) and 205.20(61.8%) which could be a profit booking zone hence there is a very good opportunity to go short in PantaloonR in the range of 200 to 205 with a strict stop loss of 205.20 for targets of 172/- Lowers.
I will open this trade next week in December futures (Lot size 2000).
Maximum Loss : 10,000
Profits : Unlimited
Volumes have also Drained and this Upside Rally is fake.
I will open this trade next week in December futures (Lot size 2000).
Maximum Loss : 10,000
Profits : Unlimited
Volumes have also Drained and this Upside Rally is fake.
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Thanks Nikhil......I will go ahead with your call as being guided by you for Pantaloon for the week ahead.....
ReplyDeletecall active??
ReplyDeleteYes, Its active but please wait and don't execute. It has bounced back very strongly in last 2 days and there could be some fundamental reason behind the same. I have not executed this call till now.
ReplyDeletegr8 foresight nidhiji
ReplyDelete