Cotton Seed Cake (Cocudakl) December expiry is trading at a string support line which has been tested twice before in last 3 years. With Some simple logic it is trading in a upside channel as you could notice in the attached graph. Currenctly it is at the downside line or you may say at the best possible price to enter. Indicators on daily charts are totally oversold and its trading below all the short term averages. For Short Term traders its clear buy at CMP of 1449 tgts 1463/1488/1513 with sl of 1428 where as for Long term investors also its a buy but with larger SL of 1414 as the weekly charts havent been strong bullers yet. For trading tips on commodities follow us at @chartechnician on twitter and Facebook page Chartechnician
Our strategy is status quo for investors while traders could add to shorts below 3063 with old tgt 3044 and extended 2990. For traders now trailing SL is 3174(closing)
Strategy: HOLD our initiated long on Index and Also Hold 6000 PUT. Square of Nifty at 6000 on Downside and book profit on PUT at 5840. On upisde its party for us!!
Disclaimer: I may have personal position in index and above mentioned stocks. Views and News mentioned above may have Errors and omissions. My views are biased more towards technical analysis. Please read and study the market carefully before investing on my idea. For any suggestion contact me on my email. Some words mentioned in article don’t mean their actual meaning. They are correlated for market.
Strategy: HOLD longs recommend yesterday. We would recommend to average your longs are 5842 and 5791 with SL of 5741 (Closing basis_ .Tgt is 6100 but 5983 is also imp resistance.
Our strategy: For Short Term traders: SHORT CHANA (OCT) WITH A CLOSING SL OF 3200 AND TGTS OF 3100/3044
For long term Investros: BUY ON DIPS AT 3103 AND 2983 AND ON THE REVERSE SIDE BUY BLINDLY ABOVE 3200
Strategy: Book Partial Profit on Long Nifty initiated by us on 4th Sept at 5971 and Full profits around 6003. Keep a Trailing SL at 5871(Closing basis)