For Monday 12/08/2013
SELL LUPIN FUTURE
Lupin has suddenly cracked from highs. Although lower time frame chart indicates possible recovery. However 5/20 EMA has given SELL signal. Lupin is in correction mode after a strong consistent up move. One could consider taking SHORT position with STRICT stop loss.
Intraday
SELL @ 798.15 Strict Stop Loss @ 819.25
Targets 792.60 - 782.65 - 775.50 - 766.50 - 755.00
POSITIONAL
SELL @ 811 Strict Stop Loss @ 854
Targets 798 - 790 - 773 - 763 - 722
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