General Trading Chat

...and Unionbank went down to 177 !! Maybe there is something to say for the closing hour moves after all. Didn't trade it this morning as yet. Any recommendations ?? Where would the next short be ?

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Unionbank : 5% upmove today, was nearly 10% but it retraced. The move in the last 5 min probably says that the longs have probably exhausted around 186-187. A sharp upmove to take out any shorts and then slide back to 175. Any views ?

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ap*

Well-Known Member
Its a wait and watch as of now. Unless your willing to keep 195 as an sl and go short. Close than that the next resistance is around 187 if going short now. Looks too volatile to trade futures so a put option would be a good idea incase your planning on this trade.
 
...and Unionbank went down to 177 !! Maybe there is something to say for the closing hour moves after all. Didn't trade it this morning as yet. Any recommendations ?? Where would the next short be ?

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UB is on recovery path.
Moreover IMO, banking stocks mein short nahi banta hai.

See BankIndia, running 4.3% up !!!!
 
Its a wait and watch as of now. Unless your willing to keep 195 as an sl and go short. Close than that the next resistance is around 187 if going short now. Looks too volatile to trade futures so a put option would be a good idea incase your planning on this trade.
Yeah, too volatile to trade futures. Maybe EQ.
 

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