Just thought to give a short Intraday update of Bajaj Hindustan, yes its a risky business altogether
but OI buildup is a bit tricky to decode. As per my reading goes a short term Long buildup has taken place in Bajaj Hindustan see the data of last 3 days, heavy buildup indicating that previous shorts were turned around in Bajaj Hind and long are buildup so probably this time we may not see any short covering instead a continuous build up of OI.
If the Red support line holds for today we can get some good results, but again its tricky business to trade this stock.
Happy Trading!!!
No comments:
Post a Comment