Though market opened positive, it gave way to close deeply into negative zone. There seems to be a sideways range developing in the broad market. Hence there are many whipsaw trades. Our exit on HMT was triggered today below previous days low. Cairn has given a higher low, but since today's close too is below 13 EMA on Daily charts, we have to close this position below today's low of 231.55.
OBC has also given a close below 13EMA on Daily chart, indicating exit of position below today's low at 178.50.
Bharti is holding tight sideways range. Stop is same at 750.95. Cipla too turned weak today giving lower lows. Here, since both EMA and Macd-h are rising in Weekly charts, a turn down of EMA along with macd-h on daily charts is needed for exit trigger on this position.
Use self discretion along with the guidance given here for managing trades.
All charts after closing positions.
Happy trading.
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