Expedient Consultants

KV's ChanakyaShaala

Short Covering

We witnessed a strong support at 5500 yesterday. Today also the Market went down and recovered. Today's Pull Back seems more realistic. Rupee also has recovered a bit, and Europe is positive. Take your profits in longs later in the day and keep a stop loss of 5550 (Futures). Taking profits today is extremely important as we are closed tomorrow and will open only on Monday after a long Weekend. Take fresh positions on  Monday. 

Go Back