Ø 3d LMA- 2554, 3dHMA- 2708.
3d SMA- 2627, 8dSMA-2745, 34d SMA-3069.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional—Neutral.
Hold only 50% of shorts. Keep stoploss at 3d HMA (50%)-2708.
Ø *SUPPORTS- 2627, 2554.
*RESISTANCE-2708, 2745, 3069.
******Trading system update for Reliance Ind. (1124)
Ø 3d LMA- 1062, 3dHMA- 1159.
3d SMA- 1104, 8dSMA-1139, 34d SMA-1342.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional— Neutral.
Hold only 50% of shorts. Keep stop at 3d HMA (50%) which is at 1159.
Ø *SUPPORTS- 1104, 1062.
*RESISTANCE-1139, 1159, 1342.
******Trading system for GLAXO. (1130)
Ø 3d LMA- 1117, 3dHMA- 1072.
3d SMA- 1106, 8dSMA-1086, 34d SMA-1086.
Ø ~BIAS – positive, MOMENTUM – positive, TREND – neutral.
Ø STRATEGY-
Positional—hold longs and initiate new longs at support levels. Keep stoploss at 3d SMA(50%)-1106 and at 3d LMA(50%)-1072.
Ø *SUPPORTS- 1117,1106,1086,1072.
*RESISTANCE-nil.
******Trading system for DLF. (198)
Ø 3d LMA- 199.8, 3dHMA- 225.5.
3d SMA- 209.8, 8dSMA-230, 34d SMA-266.
Ø ~BIAS – negative, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional— hold shorts and initiate new shorts at resistance levels. Keep stop at 3d SMA(50%) which is at 209.8 and at 3d HMA(50%) which is at 225.5.
Ø *SUPPORTS- nil.
*RESISTANCE-199.8,209.8,225.5,230,266.
