Trader's Logbook

DNL continued to go up after yesterday’s gap up at the opening. Still COL the top buyer today with the help of BA and CLSA. What we thought last week that it might create a rectangle formation was not realized. As of now we do not have a resistance but the intraday high to 7.0. Support at around 6.7 is not a strong one… yet but we have a backup support at 6.40 – 6.45. Bullish sentiment is still intact for this stock.

Caveat!