RE: [sharetrading] ASIA

 

hI aBBE
Option data do not indicate a big fal below 5300.. close seems between 5300 - 5350

Kumar

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To: sharetrading@yahoogroups.com
From: abrahamap@airtelmail.in
Date: Wed, 23 Jun 2010 07:49:47 +0530
Subject: [sharetrading] ASIA

 

And whoosh, and all fall down………………..

Markets are most likely to open down with a gap and rise intra day. For RT's best time to originate a short at best value.

Short CF at best available with SL 5325 or abv. Keep a minimum 1% SL by close, else close trade.  (That is market should close below 5270)

Possible down side seen to 5030.

5250, 5200 seen as near supports.

Day charts have still not given bearish signals. Hence all positions are on tight SL basis, calls as per cues…………..

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