Techcheck Daily S&P 500 at golden retracement (61.8%):: Emkay

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Techcheck Daily

S&P 500 at golden retracement (61.8%)

n     Chart of the Day: S&P 500, at inflection point/golden retracement, expect a technical re-rating once 1230 is broken convincingly

n     BSE 500 mean reversion setup on daily charts, expect a brief cool off before the uptrend resumes

n     Nifty the medium term uptrend remains intact, target 6500-6600, supports around the 6100-6150 levels

n     Stocks with positive short term view:

n     Canara Bank, Andhra Bank, RCF, ICICI Bank, Cipla,  IIFL, Infosys

n     Stocks with negative short term view:

n     Tata Chemical, Yes Bank, BOB