Yesterday
Nifty gained in last hour of trade. However bulls are exhausting at this stage.
A Hanging
Man pattern on daily chart yesterday confirming to bull exhaustion.
Nifty
is trading in overbaught zone near a resistance. The resistance zone is
7720-7760.
If
Nifty takes out 7760 convincingly then next target would be 7900.
However
lacking momentum, trade in overoguht zone, forthcoming holidays can be some
hurdles for bulls to push Nifty to gain further.
Expect
lacklustre trade with negative bias on Nifty today.
If
Nifty breaks below 7643, expect further donwside to 7610 which is a support.
Swing
Trades for 23 March-
Long:
Buy
HEROMOTOCORP with stoploss of 2820 Target 2910
Buy
BATA with stoploss of 495 and target of 513
Short:
Sell
ACC with stoploss of 1382 and target of 1340
Sell
ADANIPORTS with stoploss of 245 and target of 235
Sell
KTKBANK with stoploss of 102 and target of 98
No comments:
Post a Comment