DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.
As I mentioned in my last post, Nifty will find support in the “Support” zone shown by me.Also 50 dma at 5603 is still a support.Nifty should go above 5778 for bullishness.A break below 5549 will make Nifty follow a pattern of Lower Top and Lower Bottom and may stall the uptrend.Watch 20 dma level at 5643 and 50 dma at 5603.
The following are the momentum stocks which will see ACTION in the coming weeks.Action means either up or down.
Wait for consolidation and then breakout.