Trading idea: LT
CMP: 1512
Either buy above 1485-1475 or on dips around 1435-1425;
TGT:1530*-1545-1565-1595-1615*-1660 (1-3M)
TSL< 1460 OR <1405
Note: Immediate resistance zone for LT is around 1515-1530 zone and it will rally towards 1600 by only sustaining above 1530 area; otherwise it will come down and 1485-1475 may offer some buying opportunity with 1460 as immediate support zone and break below 1460, it may fall towards 1435-1425 area, where it should be in good demand. Only consecutive closing (3 days) below 1405 area, LT may further fall towards 1380-1325* & 1295-1260-1225* zone in the near to mid term (alternative bear case scenario from the current trading level).
Any one, holding short position in LT and continue to do so, may also watch 1530*-1545 area as immediate resiatance zone.
Analytical Charts:
CMP: 1512
Either buy above 1485-1475 or on dips around 1435-1425;
TGT:1530*-1545-1565-1595-1615*-1660 (1-3M)
TSL< 1460 OR <1405
Note: Immediate resistance zone for LT is around 1515-1530 zone and it will rally towards 1600 by only sustaining above 1530 area; otherwise it will come down and 1485-1475 may offer some buying opportunity with 1460 as immediate support zone and break below 1460, it may fall towards 1435-1425 area, where it should be in good demand. Only consecutive closing (3 days) below 1405 area, LT may further fall towards 1380-1325* & 1295-1260-1225* zone in the near to mid term (alternative bear case scenario from the current trading level).
Any one, holding short position in LT and continue to do so, may also watch 1530*-1545 area as immediate resiatance zone.
Analytical Charts:
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