jkdviewpoint.com

                 We are looking for the terminal rise just above 5477.50 with the most of the momentum lost & consuming lot of time. In our opinion it may not be necessary for it to cross 5477.50 & may just go nearby. The likely trajectory is shown in the chart below. We warn of impending severe decline once this rise is terminated.

(1)SELL CAIRN INDIA at 326 stop 336 target 310.

(2)BUY RELINFRA at 1160 with the stop of 1140 for the target of 1220.