No doctor says that it is necessary to trade everyday. 5090 on downside and 5190 on the upside are the two important levels

Nifty View:


Very short term traders move your trailing stoplosses to 5090 whereas short term traders with a high risk apettite can put their stoplosses at 5000. Right now we are in a No- Trade Zone, so wait for the breakout above 5200 or a breakdown below 5090. Any upmove with low volumes can be a huge trap for retail investors, so watch out closely for volumes.



Stock View: Chennai Petro


The stock was unable to cross 250-255 range since last 2 months but on Friday it closed at 254 giving a weekly breakout and that too with higher vols. Buy Chennai Petro at 254-256 with stop loss of 245 and target of 275 in short term.




Due to health realted problems i was not able to post on the blog during whole of the last week, so sincere apologies to those who came during this period.

Have a nice trading day

Regards

Ankit