WILL NIFTY SUSTAIN THIS TREND ??
The
NSE Nifty spot closed at 5676 down by more than 1% with the higher selling
pressure as a correction or profit booking in each and every index stocks. Nifty
spot opened and high price were same. This showed the confirm profit booking in
the market. On the other hand, MACD is trying to cut downward and Stochastic is
also showing bearish signal yesterday's end of the day chart. Major support at
5635 for buyers.
Happy
Trading !!
Megha
Investments & Research Team
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