Tuesday 5 May 2015

Today's Calls and Views 05-May-2015

[5/5, 10:19 AM] ckacraj: Buy crude Cmp 3751, sl 3730, tgts 10-30-50pts
[5/5, 10:20 AM] ckacraj: No holding if sl hit
[5/5, 10:31 AM] ckacraj: My actual targets: 3774, 3871, 4027, 4115, 4148.
[5/5, 10:31 AM] ckacraj: All the best.

10:56 AM IST



As per my view, Crude is forming Triangle correction. If so, I expect to see 
58.75(already done)/58.65 --> 59.25/59.4 --> 58.85/58.70 --> 59.90+++.
Let us wait and watch how this progresses.

For any buy based on this view, SL strict to 58.4/58.2 (max)

Any move below 58.30, I expect more down before next up move.


11:47 AM IST


11:53 AM IST
Breakout Levels: 59.90/58.25
Above 59.90, I expect 60.20, 60.40, 60.80.
Below 58.25 I expect 57.95, 57.5, 57.35.





5:15 PM IST

Now I expect to see [60.75], 61.20, [62.20], 62.50, 62.67, [63.10].



Still I am bullish. Any move above 59.90, I expect to see [60.75], 61.20, [62.20], 62.50, 62.67, [63.10].