Nifty bullish gap, daily momentum triggers fresh buy:: Emkay

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Techcheck Daily

Nifty bullish gap, daily momentum triggers fresh buy

n     Chart of the Day: Nifty, bullish gap, daily momentum triggers fresh buy, 55 DEMA regained, expect further upsides, correction if any till 5930-5950 could be used to add short term longs

n     Bank Nifty, daily momentum triggers fresh buy, first to reach our initial targets (61.8% pullback), expect a brief halt/consolidation now before it targets 13000-13300

n     DXY strong monthly reversal, expect the 200 DMA at 82 to be taken out in sometime

n     Stocks with positive short term view:

n     Cipla, Reliance, ICICI Bank, SBI, L&T, Infosys

n     Stocks with negative short term view:

n     Hindalco, TISCO, HUL, ITC