Rahul Ji,
My name is Shravani, I am a female not a male. So I cant be Sir. You can Call me Shravani.
Okay, SELMCL HAS Corrected from 735 and has made a Bottom of 253.
So 253 is a Support.
But Now after Making a Low of 253 it has Closed at 288
Now, Technically Speaking this Stock should not break the Support of 253 or else further dowside is Expected.
So there is this Technical Factor on the Daily Charts that indicate that 335 on the Higher side should be crossed.
Tell me what is the Buy Price of this Stock and have you averaged it Recently?????
Because see If this Stock Breaks 253 then it can fall upto 178 - 173 Level and you can Average it there.
So either you wait and watch for this Stock to move above 335 for further Uptrend or see if 253 breaks then Average it around 178 - 173 Level.
I hope you Understand whatever I say. In case of any queries I have my own thread you can put a message at my thread.
http://www.traderji.com/derivatives/23723-nifty-futures-daily-intraday-short-term-levels-imp.html
Regards,
Shravani