SMALL SHORT COVERING IN INDEX
STOCKS: STILL NIFTY WEAK
The
NSE Nifty spot closed at 5615 with marginal volatility in major index stocks.
There is no view for tomorrow in nifty spot. If we see technical, Stochastic is
trying to cross from below and made a perfect negative diversion in nifty spot.
Whereas MACD is still showing negative trend as per continue in trend. Intraday
traders should not keep their positions for next day or positional. There is a
movement of higher low and higher high from couple of months in nifty spot daily
chart. Overall trend is positive in nifty spot.
Happy
Trading !!
Megha
Investments & Research Team
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