Friday, October 8, 2010

Nifty futures 6090/6105 are strong support levels to watch out fr. Be cautious and avoid leverage

Stocl View: Bombay Dyeing
 
This is a daily chart of Bomdyeing, and a clear triangle formation is visible on charts plus there is also a convergence of moving averages which is a good sign. Buy Bomdyeing only if it sustains above  670-675 with stoploss of 645 and targts 720/750/775 in  medium term. Watch out for huge vols before the breakout.




Have a nice trading day

Regards

Ankit

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