Tuesday, July 24, 2012

July 24, trading range



CMP : 5120.40
Comment : Future premium goes down from 12 points to 2. Breaks 200-day EMA with a gapdown action.
Reverse if fails to reach/sustain above 5140-50.
Action : Buy in the range of 5090 – 5095
Targets : 5130 / 5150 / Higher
Stop-loss : 5080
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