Nifty Outlook for 14-09-2018
After Many days of Fast correction, today nifty took support near 11250 level and we saw some short covering as well, which took nifty further up.
Pharma, Metal & FMCG gained the most.
Technically Nifty formed Hammer formation with its body covered by Last day Red candle, which is similar to Harami formation as well. which is a positive sign for the market.
still further volatility can not be ruled out but my bias is on the long side as maximum gain can be made if we pic the stock on lower side.
Also as tomorrow NSE is closed, so we should also consider global market before taking any position
Buy in the range of 11330-50
Sl 11290
Target 11400/430
After Many days of Fast correction, today nifty took support near 11250 level and we saw some short covering as well, which took nifty further up.
Pharma, Metal & FMCG gained the most.
Technically Nifty formed Hammer formation with its body covered by Last day Red candle, which is similar to Harami formation as well. which is a positive sign for the market.
still further volatility can not be ruled out but my bias is on the long side as maximum gain can be made if we pic the stock on lower side.
Also as tomorrow NSE is closed, so we should also consider global market before taking any position
Buy in the range of 11330-50
Sl 11290
Target 11400/430