Nifty lost 100 points in the current and has given way to bearish sentiments getting their strength on the markets. Among the Nifty stocks only 12 are in trend, 4 stocks are in non-trend while the others are resting peace. 72% of the constituent stocks are non-trending, so we cannot expect the market to get into a rally. The line of resistance has brightly turned down for the current week.
While the big wigs are turning down, the real leaders are still showing strength. As the results get coming from the mid caps, we are getting the picture clear about which are the leaders. Among today's results CHOLAFIN, MRF, OBEROIREALTY, STAR & EVERESTIND have emerged leaders in EPS rankings. Mark their resistance areas and after consolidation is over and the stocks show volume gain as they breach resistance, you get a chance to trade and made fast gains in these stocks. Complete earnings report of each stock will follow in our next posts.
Happy weekend from Team BraViSa.
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