Published on Fri, Jul 20, 2007 at 10:08 | Source : Moneycontrol.com
Updated at Mon, Jul 23, 2007 at 11:01
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Next trading range on Sensex: 15,770-15,970
The markets will maintain same theme for the next few days, said Technical Analyst Anil Magnani. After crossing 15,100 on the Sensex, it is better to keep deeper stop losses, because of intra-day corrections, where the market has a slight dip and a sharp pullback.
The marketswill maintain same theme for the next few days, said Anil Magnani , Director at Modern Shares & Stock Brokers. After crossing 15,100 on the Sensex, it is better to keep deeper stop-losses, because of intra-day corrections, where the market has a slight dip and a sharp pullback.
According to him, the safest thing to do is, to buy puts but don't go short, because at least right now there doesn't seem to be any indication or any indicators on the charts that suggest short-selling.
So, you could be cautious and buy puts and every dip; at least from a trading angle it is still a buy.
The next trading range on the Sensex is 15,770-15,970, but again, these are just technical targets; we are in new highs, new unchartered territories. So, levels really don't make much sense at this point.
The 
