In a sweet nifty free fall, nifty retested and absorbed decent stoplosses leaving everybody puzzled about its next move. Also it took support from 200 EMA on H1. I suspect a consolidation tomorrow and then a push upto 13750 back again til expiry.
Infosys moving in a symmetric triangle. Go with increased Volume on downside for a short or wait for a reversal from support line. My bias: Strong possibility of a bullish reversal.
DABUR has tested the current levels multiple times and stands at the verge of a possible breakdown of its long term support line. Consolidation between 505 and 535 possibly local distribution phase. Saying with 80% conviction:
Sell below 505, SL above 520
Targets 490, 478
DABUR has tested the current levels multiple times and stands at the verge of a possible breakdown of its long term support line. Consolidation between 505 and 535 possibly local distribution phase. Saying with 80% conviction:
Sell below 505, SL above 520; Target 1 490, Target 2 478.
