NIFTY REMAINED BULLISH, BUT
BEARISH IN MAJOR STOCKS: HURDLE @ 5712
The
NSE Nifty spot closed at 5702 up by 0.1% with the selling pressure in Banking
and Finance sector. In the technical tools, Stochastic (5.3.3) is making
negative diversion, whereas MAD (12.26.9) is still showing negative trend for
Nifty spot. 5632 will be major support for intraday traders. Medium term
traders can make short position with the stop loss of 5712 as per spot chart;
target would be 5583 for 3-4 days. Overall trend is positive.
Happy
Trading !!
Megha
Investments & Research Team
