Nifty IT with two working days to complete for the quarter and month, most likely to print toppish signal for the near term. On the daily we have pierced minor trend, which should ideally target the six month trend line around the 34600. Dollar sharper rise overseas, is not compensated by the rupee decline hence any incremental rupee fall is not an helping factor. Selling any rise towards 35600 stops 35900 for move 34700 (not one day expectation). Intra-day sell with stops 35600 for 35100.
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TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.