Day Trad­ing Guide

The Economic Times - - Smart -

We ex­pect the Nifty to con­sol­i­date with a pos­i­tive bias be­tween the broad range of 9,850 to 10,100 lev­els amid stock spe­cific ac­tion with fo­cus be­ing on the quar­terly earn­ings. The in­dex is hover­ing near the up­per band of nar­row ris­ing chan­nel in place since Fe­bru­ary 2017. In the present sce­nario, af­ter five weekly bull can­dles and over­bought con­di­tions on mo­men­tum os­cil­la­tors, we be­lieve a round of con­sol­i­da­tion will make the mar­ket health­ier and cre­ate fresh buy­ing op­por­tu­ni­ties.

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