CIPLA
Cipla has been trading in a small range of 413-429. Buy Support Sell resistance should be the strategy.
Buy above 425 Tgt 427,429
Sell below 423 Tgt 421,418 and 415
Godrej Industries
Descending Triangle formation with resistance at 330, Unable to break the same pullback will be seen.
Buy above 332 Tgt 336,341 and 345
Sell below 326 Tgt 323,320 and 316
Larsen
LT fell from convergence of 20 and 50 DMA with bearish engulfing pattern. Support in range of 1585-1570. Unable to hold the range more pain on downside.
Sell below 1585 Tgt 1572,1554 and 1523
Buy above 1603 Tgt 1619,1633 and 1650
Level mentioned are SPOT
Dear Bramesh,
Could you please highlight some rules on trading in Indian market ? Is it good to trade in the first 15 minutes ? or last 15 minutes of the day ?
Also, some guidelines on when retailers should execute your call in the day ? (eg: what if stock opens above the buy price indicated or below certain price ).
thanks