Reliance Communications Limited:
As we can see the formation of bearish Elliott waves, now the price will go for a correction. So this time, the retracement is expected up to the 50% Fibonacci level - 75. Therefore good decision now is to go for buying 2 lots of Apr future derivative of the stock at around 62 and wait for squaring them at 75. (i.e: 13x2(4000)= Rs. 1,04,000). [Sl: 57]
No comments:
Post a Comment