Friday, May 18, 2018

Latest Update on NS and BNS with REVISED Levels at EOD::

NS has fallen from 10929.20 on 15/5/18 to 10589.10 today.
There is opportunity to SHORT on Rise between 10750 t0 10800 with SL at 10860+.

10670 if crossed, would invite short-covering and one may look for Short near levels shown above.

Downside targets may be near 10495, 10380 and ultimately till 10050.

BNS has fallen from 26972.05 on 15/5/18 to 25839 which looks support nearby. 26020 if crossed will invite Short-covering and one may sell near above levels shown.

The opportunity may come to SHORT near 26400-26540, with SL 26750, for downside targets of 25500, 25150 and ultimately till 24000.

The trigger point may be the unfavorable outcome of court-drama about Karnataka elections and post-election developments. Ifs and Buts apply everywhere.

No comments: