The Week you may not like to remember…
NIFTY After testing the TT (top trend line) twice, it has clearly shown symptoms of a reversal. The nearest support to test is 5200 (MS). If it fails, then 4950 will be the next level to test. We need not think at present what will happen beyond 4950 because; there is less possibility of NIFTY breaching this level by next week.
As far as confirmed signals of www.ftalarms.com are concerned, NIFTY is still it the bullish mode even though, it is fast approaching the sell mode and is getting too close. The critical level to watch is 5350.
Stocks to watch for upside:
Geodesic Ltd, Elgi Equipments Ltd, ICRA Ltd, Star Paper Mills Ltd, Ultratech Cement Ltd
Stocks to watch for downside:
Larsen & Toubro Ltd, Glenmark Pharmaceuticals Ltd, Union Bank Of India, AVT , Natural Products Ltd, Subex Ltd
Important Note: The above selections are purely analyst’s view; and neither the analyst nor the publisher will be responsible for the outcome.
