Uptrend in the market takes a pause, leaders begin to show weakness. It's time for some short trades in stocks that have strength on the bearish side. Some goods stocks on this line are SAIL at 171.40, stop 177.35 for a target of 153.00. TATACHEM at 347.10, stop 362.30 for a target of 305.75. UNIPHOS at 150.25, stop 157.30 for a target of 131.00.
The leaders of all the sectors except for Consumer services and Utilities have closed weak. There are possibilities for short trades on the hourly Nifty, which would provide an opportunity for a long trade after settling in the value zone.
On weakness coming in Nifty could see support at 5750 levels.
The leaders of all the sectors except for Consumer services and Utilities have closed weak. There are possibilities for short trades on the hourly Nifty, which would provide an opportunity for a long trade after settling in the value zone.
On weakness coming in Nifty could see support at 5750 levels.
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