reliance Serious acccumulation and consolidation happening.
some vey vey serious trading going on in reliance.
right now trading in a box
watch out closely the trades in next 4-5 session.
i personnaly feel that the consolidation is happening before reaching next target of 2500. however, since we know that it is a very heavily operator influenced stock, stoplosses may be triggered .
Opinion:
(1) buying october futures OR
(2) selling of current month put option, as per risk appetite.
(PS:- stoplosses are a must for all trades)
right now trading in a box
watch out closely the trades in next 4-5 session.
i personnaly feel that the consolidation is happening before reaching next target of 2500. however, since we know that it is a very heavily operator influenced stock, stoplosses may be triggered .
Opinion:
(1) buying october futures OR
(2) selling of current month put option, as per risk appetite.
(PS:- stoplosses are a must for all trades)
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