AMITBE said:
Gateway has gone very soft today...surprisingly.
At 265 off now at important supports.
Should it slip further, 256-258 is strong support area.
If it gets there and at evidence of support, it can be take there with strict s/l at 248.
A good rally in the short term may materialise.
A chance worth taking keeping the above levels strictly in place.
Hi Gaurav...had made this call on Gateway a couple of days ago.
I'm not too sure how it's going to do, and the GDR is the bother I feel. It's been under performing.
264 is a strong resistance area, with 256-258 as supports. Further down 248 is the critical last level.
I had come in at 214, so have been holding since long for a break through.
To the up, 269-273 it picks up pace but sticks at 294. If this can be taken out, 300 and way above can be the range.
Yes, I also expect the numbers to be good.
Orchid is good, can be taken now at 259 or at any decline, and past 268-275 could test 279-283-287-291 first.
Good one, Gaurav and all the best.