Market was pretty tight today with a breakout coming on the bullish side towards close. Intraday and lower timeframes have changed direction, while daily is bearish and hourly going up. Among the many stocks that we referred for intraday trades, SAIL had a good 3.00 points profit with many failed or not signaled a trade.
Stocks to watch for intraday today are:
Long trades:
BAJAJHIND, HDIL, NIFTY
Short Trades:
HINDALCO, JPASSOCIAT
Technology sector is pulling up the index now, this sector has been performing well prior to the current bear run and had steam left for another reach to the highs. We need some follow up sector to keep the momentum on the run. Which sector would be that? At present with markets going very tight, it is anybodies guess.
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