Day Trad­ing Guide

The Economic Times - - Smart -

The oc­cur­rence of Doji can­dle on the weekly charts high­lights in­de­ci­sive­ness pre­cisely at the up­per band of the ma­jor fall­ing chan­nel en­com­pass­ing the en­tire de­cline since March 2015 placed around 7980 re­gion. Go­ing for­ward, we ex­pect the in­dex to en­ter a tem­po­rary cor­rec­tive phase whereby a retest of the re­cent break­out area and key im­me­di­ate sup­port of 7700 re­gion may not be ruled out. Amid the on­go­ing re­sult sea­son, stock-spe­cific ac­tiv­ity will re­main in fo­cus and broader mar­kets will con­tinue to out­per­form the bench­marks.

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