It would be prudent in booking trading profits or protect the gains for carrying positions overnight by trailing stop or hedge with options. Today, profit taking, if any, should not break below 2970 in close. Intraday, resistance in rallies is at 30 66 points which needs to be sustained for further rise to 3087-3115 points. Pivot is pegged at 3015 with crucial support at 2985 points. Protect longs in further rise by trailing stop or hedge with options
Friday, January 2, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment