1248 Time to Fly again ....
Had a nice run on the 2nd of June where it got rejected 1194 (resistance level) and in a week was back where it started from .
After that its second attempt was crippled and shot down by the 99 day at 1105 and now back down close to where it all started from.
Assuming you are bullish for the Nifty and the fact that airlines will fly i'd say now is a good time to hop on for a 25% trade within 3 weeks .
982 is where the 50 day is currently and i really doubt its going there so depending on how it opens on monday thats your point of invalisdation.
Wanted to hop on at 982 but money was in some other trade which i feel has more than 25% left so did not hop off and maybe thats why i'm coming back to this again.
After that its second attempt was crippled and shot down by the 99 day at 1105 and now back down close to where it all started from.
Assuming you are bullish for the Nifty and the fact that airlines will fly i'd say now is a good time to hop on for a 25% trade within 3 weeks .
982 is where the 50 day is currently and i really doubt its going there so depending on how it opens on monday thats your point of invalisdation.
Wanted to hop on at 982 but money was in some other trade which i feel has more than 25% left so did not hop off and maybe thats why i'm coming back to this again.
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