Should the FTSE 250 be able to hold the morning's gains by the close then there is a chance tomorrow will see a test of 926; a test which will establish whether Tuesday was all about short covering or whether there are genuine buyers entering the market. If shorts are controlling today then I suspect Wednesday will see a close below 930 as covering-buying abates.
Although US markets were closed yesterday it was another busy day for my trading strategies. There were no stop exits, but instead a number of updated trail target/stop trades as the market seeks traction of a bottom.
BSE Zignals
Long Confirmation Entry for ASOK (Mumbai) at INR62.73
Forex Bull Trender
New Long Target and Stop for EURUSD (FX) at 1.2540 (EoD): Target 1.4120, Stop 1.1600
India Oak
Short Confirmation Entry for BHEL (Mumbai) at INR2405.9
Short Unacted Entry for PGRID (Mumbai) at INR105.2 (EoD): Entry signal given, but exited position on same stock too recently (3) days ago.
Indian Golden Brown
Long Entry for ASOK (Mumbai) at INR62.73
Long Confirmation Entry for PFC (Mumbai) at INR295.1
Indian High Winners
Long Entry for ASOK (Mumbai) at INR62.73
Long Confirmation Entry for PFC (Mumbai) at INR295.1
Indian Strength
Long Entry for GACM (Mumbai) at INR113.2
New Long Target and Stop for NEST (Mumbai) at INR3127.7 (EoD): Target INR3441.9, Stop INR2878.7
Long Confirmation Entry for HROH (Mumbai) at INR2026.0
Irish Oak
Short Confirmation Entry for KRZ (ISEQ) at €23.35
Relative UK
Long Unacted Entry for STHR (London) at 248p (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
Tri-Indicator UK
Long Entry for PAY (London) at 272p
UK Golden Brown
Long Unacted Entry for PVCS (London) at 54p (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
New Long Target and Stop for SSP (London) at 52p (EoD): Target 62p, Stop 51p
UK High Winners
Long Entry for TIK (London) at 172p
Long Entry for PVCS (London) at 54p
Long Confirmation Entry for BBAY (London) at 277p
New Long Target and Stop for SSP (London) at 52p (EoD): Target 62p, Stop 54p
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