Friday, September 20, 2013

#2 Chana Update

On sept 17th we did mention traders to Short chana with the tgt of 3100 and 3044. We have got the first tgt and just few points away from the second tgt. On other side first level of buying for investors at 3103 has also been achieved. Now the daily chart is in the consolidation phase, taking strong support of the support line third time at 3063. But the weekly charts are still suggesting for some more downside. We might see some rally on daily charts but overall we still seem weakness.

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)

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