Continue to hold on to longs with stop at 309. Avoid fresh longs today. The scrip moved down further yesterday and took us out at our stop. The scrip has now slipped back into its sideways range. The scrip has to break above the 136 level today for an upmove to commence.
Investors can look for taking positions if the scrip breaks above that level.
The scrip inched up and continues to be well poised to commence an upmove. Continue to hold on to longs with stop at 350 and look for a target around the 400 level. Fresh longs can be considered at current levels. The scrip again came down and closed on weak note. The short term trend continues to be sideways.