FNO loser-SUNTV major support 368

SUNTV future chart Sun TV Network Ltd stock today tumbled by 12% plus and trading at 375 on election results. For May series, stock already archived upside tgts of 387 then 403. Even achieved super bullish tgts of 421 and 437 now giving strong correction.   Traders watch 368 support on closing basis if slips below it then expect fresh downtrend for stock with price tgts 352 and 334.   Reversal from 368 will be buying opportunity for tgts 387 and 403 again.

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Pramod Baviskar

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