Close watch on JKH helped us to see the pulse of behaviour in this most important counter. During this pullback phase we saw major selling by foreigners with equal amount of vigour by foreign buyers. However the foreigners were the nett sellers yesterday to the tune of 963,000 shares. Most of it came at 140.00, and we saw a fair interest building up at that level throughout the day.
Now what???
It is difficult to trade JKH based on indicators. But who ever rely on the Price action would be able to do some successful trading on it. Entry can be within yesterday's range of 140 - 144, ideally between 141 and 142.50. This would help someone to trade it at a reasonable short term return. Good luck.
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