Friday, November 9, 2018
ASI - Reversed around 5963 and 5912 points
ASI reversed after taking support at the zone I expected between 5963 and 5912, and it happened within 2 days. That is a strong signal for the traders. However selling above 6100 will be very strong. That will be absorbed only with very strong sentiments. We need to give another 2 days to see the strength of this renewed momentum. The behaviour we would see on Monday and Tuesday will certainly determine how far the rally is going to go. Till then 6100 to 6170 is very critical. AEL. TKYO, COMB, JKH,SAMP, MGT,LLUB and TJL will be the stocks that will keep the Traders busy. Therefore getting into short term positions on these stocks with strict stop loss rules will be a must for Traders.
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