India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Techcheck Daily |
Bank Nifty, expect sharp cuts once 11000 is broken |
n Chart of the Day: Bank Nifty, index continues to trade weak expect downside momentum to pick once again once 11000 is broken
n Red Flags emerge, bearish reversal patterns form/break on multiple indices, an increase in cash levels is suggested
n Medium term bias turns negative after a gap of 4 months, 200 Day average cluster around 5535-5585 should get tested on the Nifty
n BSE Mid Cap, BSE Small Cap and BSE Consumer Durables break below bearish H&S formations
n Gold, prices near the top end of a decade long bullish channel, quarterly RSI readings at 92 are historically over stretched
n Stocks with positive short term view
n Infosys, TCS, ITC
n Stocks with negative short term view
n Bank Nifty, Axis, Bharat Forge, Titan, ACC, BHEL, M&M
No comments:
Post a Comment