Nifty made a high of 4,909 in the opening trade and continued to trade below the downward sloping trend line mentioned on the Nifty hourly chart. The Sensex on the daily chart has formed an inside- day pattern, which indicates the uncertainty prevailing in the market. The momentum indicator KST continued to trade below the signal line, which indicates the upper hand of bears. As a result Nifty may test the lower channel
line, which is near 4,760. The crucial level to watch on Nifty is 4,900 and 4,960 on the upside and 4,830—4,800 on the downside. The market breadth was once again dominated by bears.
EKC Buy above 315 tgt 320,325
Buy Castrol SL 295 tgt 305,311,315
Laxmi Machine Sl 1500 tgt 1525,1538
Ess Dee Daily performance make higher Top day by day look positive SSL 450
Sell TATA Steel Below 900 tgt 886,875
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