Trading Idea: SPF
CMP: 2075
Sell either below 2075-2085 or on rise around 2100-2110;
TGT1: 2040*-2019-1995-1965-1938-1905 (1-3M)
TGT2: 1885-1865*-1838-1800 (6 M)
TSL> 2115
Note:Consecutive closing (3 days) above 2115 for any reason, SPF may further rally up to 2125-2135* & 2155-2195-2265* and 2315*-2375 in the short to long term (alternative bullish case scenario).
Growing popularity of Trump may be a risk for US as well as global market apart from threat of Brexit, China jitters & fear of Commodity slump/credit exposoure (Oil/metals). Fed may be forced to look more at the "Real Street" instead of "Wall Street" in the months ahead.
Analytical Charts:
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