RIL, INFY, TCS and HDFC may set near term market direction
Reliance Industries and its partner BP have surrendered one more oil and gas block, reducing their tally to 5 from 21 exploration acreage they held three years back.
Trade in NF as per these levels
Buy at / above: 7720 Targets: 7740 – 7762 – 7784-7808
Stoploss : 7698
Sell at / below: 7699 Targets: 7678-7660 – 7638- 7616
Stoploss : 7720
Trade for stoploss … plan your trade seeing sl …suppose if advised to sell at 7700 with sl at 7720 and tgt —- .just give a thought that will u bear 20 points stop loss of 1 lot or x lots of Nifty ?? if answer will be yes just enter in trade if answer wll be No ..rethink …either reduce quantity or move your selling order nearer to stop loss say place sell order at 7712 with 1 or — lots with sl at 7721..what will happen you might miss trade but will be safe for you and your trading account.
Nifty analysed chart
HDFC
TCS
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RIL, INFY, TCS and HDFC may set near term market direction
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