Stock Wealth: BN, in a corrective rise mode, has entered the "11650-755" resistance zone and would remain strong till above 11465.

Friday, July 12, 2013

Author: Ilango | Posted at: 6:55 AM | |

Unknown on July 12, 2013 at 9:45 AM said...: Dear Sir
I have posted a query earlier pl. reply
Ilango on July 12, 2013 at 5:04 PM said...: @ shaileshkumar mehta,

Unlike JNSAR, J10SAR is very sensitive to prices.

You shorted on 10th July when Prices broke below J10SAR @ 11425.

On 11th July, it gaped up @ 11542. You buy around 11550-575 @ the open and keep a SAR of 11467, 11th J10SAR.

On 12th, J10 SAR has climbed to 11514;

and by 15th July, Monday, it would be a break even level and in the mean time, you would have booked part profits closer to the prev. peak of 11753.
Unknown on July 15, 2013 at 11:52 AM said...: Dear Sir
Many thanks for your kind reply
Regards