Since last 1 months, Our nifty level was without failed. Every one enjoying it.
A “Spike” can generate after breaking-out area between Value High to Control Price. The “control price” always attract value toward it.
The intraday Resistance 11988
There is actually two channels, One is a “major channel” which is still exist because its an excess. If the price starts to fall then, we can more and more fall.
Suppose, the current market price is at an excess, then we can spike downward at 11750 below.
We have sold given to SUBSCREBERS sell call of M&M.
There is excess which i alway prefer to trade. An excess is at value high therefore i suggest you to short this stock at higher level such as 680 nearby.
This is holding call for 10-17 days for target 638-607.
SELL M&M future July 668-670 and stoploss 672 for targets 651-632
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.