“Everyone makes an ego mistake once in a while, but only a foolish player does it often. Unsuccessful traders are always having self-delusion and wishful thinking. He can’t accept his own incompetence, so he attempts a recovery shot that’s usually beyond his reach.”
Bank Nifty has rallied almost 10% in past 7 trading session after having severe fall.Looking at Weekly chart of BN it is now moving into its cluster of resistance zone between 9940-10000. Risk to Reward for Shorting looks good at This Juncture.
Sell between 9990-10040 Tgt 9940,9869,9850,9800
BHEL is trading in the range of 1700-1820 and currently trading at the Upper end of range.
Whenever a Stock goes in a trading range Best strategy is to Sell at Resistance and Buy at support till one side Sl gets triggered.
Sell below 1765 Tgt 1753,1731 and 1700 .
If BHEL goes near 1800-1820 Short it with a Sl of Rs 20
Land Acquisition Bill has been a bad for realty companies as they need to Shell out more money to compensate for People whose land is getting acquired. Well am Happy in sense after 60 years People will get some good money for there land which is well deserved for an sacred asset as LAND.
Looking technically DLF Laxman Rekha is 208. This was the Level which supported DLF before giving a free fall in August.
Support becomes resistance and DLF is trading in a channel Break of Channel will give a Good trading opportunity
Buy above 208 TGt 211,213 and 216
Sell below 205.1 TGt 202,200 and 198