At the end of the session market ended in the red. On the hourly chart, Nifty has given a negative crossover of 20-hourly simple moving average (HSMA) and 40-hourly exponential moving average (HEMA). However on account of positive momentum cycle on the daily chart the negative crossover of 20-HSMA and 40-HEMA will not have a strong impact and the negative crossover is expected to volatile in the coming sessions. Further Nifty is expected to take support around 61.8 % retracement level (of the rise from 2,252 to 3,240) at 2,650-2700. On the daily chart, the momentum indicator KST is still riding its positive crossover. Market breadth that was dominated by the bulls slipped under the command of bears at the end of the session, which is sign of concern.
sell SBI tgt 1145,1125,1110 SL 1200
Sell ongc SL 715 tgt 680,665
Grasim sell below 1000
No comments:
Post a Comment