Back from a 3-day break, This may be the last 1000-1500 points rally left on sensex, Be cautious and use trailing stop losses

I could not post blog for 3 days as i was out of station. I apologize to all those people who visited during this 3-day break but could not find any new post.

Nifty view:

Nifty is trading in a channel within a bigger channel. The smaller channel has resistances around 5330-5370 and the bigger channel has resistance around 5500-5600. But that doesn't mean there is any reason to short, go with the trend and dont go against it. Either hedge your positions or book partial profits. For very short term NIfty has support around 5230-5235.



Stock View: CESC

Stock is trading in this channel since last 6 months. Going by the huge volumes in this stock if it closes above 435-440 can take this stock to 500-520.



Have a nice trading day

Regards

Ankit