CMP 1671 (Spot)
SL 1625 (Closing basis)
Throughout the recent fall in benchmark indices, MCX has been strong and positive.
Price is moving in a range on daily charts and today also it took a support on 20sma as well as the bottom of range.
If SL is safe, we can look for an upside of 5-7% in coming days. Keep an eye and...
This is an advance trade. Wait for the setup to unfold and do not rush. Buy at suggested levels.
We are looking at a return of over 20-25% in 3-6 months, only if the buying is at the level advised and SL is respected.
I will be happy to answer any queries.
Hope is not a strategy, so use common sense!
Shorting BNF might be a mistake. Trend is still up though some correction after touching the all time high is inevitable.
Shorting opportunities might be available for intraday, but do not carry trades overnight.
Don't trade if you are not sure. Please refer to the chart for levels and I will be happy to answer any questions.
Disclaimer: I know there is lot of...