Above is the hourly chart as of Saturday's closing. It is giving us very clear reason for 'not to be on short side' once we cross 5227. (Already mentioned in the morning).
Till now we have high at 5257.95 (which was tested at 12 o'clock). This rise is nothing but very choppy to convert into trade but rise is rise.
I may be wrong but somehow I feel that we should see levels of 5271 or 5299 before close.
I need to say that do not always try to be on short side from every levels. I cannot deny the possibility of selling from higher side. If comes then only I will feel comfortable to trade.
(Pre market stock analysis were - Buy on Tatamotors (Up 1%), BUY on DIVISLAB (Up 3%), BUy on INFOSYS (Up 2.8%). Read at www.viecapital.com
Regards,
Praveen Kumar
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