Shorting IDFC Positionally in Futures
16 December 2009
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IDFC Future Price : Rs 153.50
IDFC has recently broken below both the GANN Shorter tern and longer term
trend line. Now its time for positional players to short this stock at every rise
for a target of Rs 126 fibonacci retracement of with stop loss of Rs 160 on EOD basis.
Weakness in IDFC is expected until it closes above Rs 160 on EOD basis
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Written by: Rajandran R
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sir,just wanted to bring to your notice that in IDFC, rs. 150 is 200ema support and stochs are in OS region getting up ,along with other technicals as bollinger bands,there is a fair chance of bounce to 5o ema of rs.160 before further action.kindly check
@aarvee,For IDFC 200MA = 120 and 200 EMA = Rs 131Any how it breaks the GANN support. So the ideal trade should be on the short side rather thinking about longs