Unitech Sell Postionally
Nifty going to open gap up around 3410 due to global market.Sustain over 3445 nifty can see 3550 in coming days. Nifty below 3330 weak for today , Before the market takes a big break, we are in for a volatile session as traders weigh their moves in the F&O segment today
Among the key domestic indices, the Nifty may get support at 3305 and may test higher levels at 3420. The Sensex has a likely support at 10850 and on the upside could test 11150 levels
Stocks in news: RIL, Britannia Industries, Dr. Reddy’s Lab
We said, "upper shadow is indicating profit-booking ...
see if can hold Monday's low of 11176. Positive if it
does, else Green support line can be tested." Index
couldn't hold 11176, as a result of which, it lost over
3% and tested the Green support line as suspected.
Realty/Metals/Banks lost more, about 5%. A/D
worsened to 1:9.
The action formed a Belt Hold Line Bear candle, which
is bearish if selling continues below its low at 10961.
Such an action would open downsides testing previous
crucial support near 10719. On the other hand,
protecting its low can appear as an attempt to hold the
31-day long Green support line
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