Monday, January 17, 2011

BN, downtrending, trading well below 200 Sma.

Reader's query:
IDFC: Has been trending down with lower high and lower lows. It will test its earlier resistance zone of 140-150 soon. If able to hold 140, it could attempt a rally/ bounce.

3 comments:

Saif on January 17, 2011 at 4:36 PM said...

Sir,the jnsar level for 14th was 11113..today also is same??

Unknown on January 17, 2011 at 5:58 PM said...

Thank you Sir.

This really helped. I am not very good at FnO, but hedged by shorting IDFC at higher levels. Yes, your point about investors getting into trading is very true, and we keep making the same mistakes again.

Regards

Unknown on January 17, 2011 at 6:01 PM said...

Thank you very much sir.

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