Stock Market Technical view: Strategy remains to sell on rise
S & P CNX Nifty CMP 6101.10
As expected index fell from daily highs negative closing , while support is expected around 6033 . Best trading strategy remains the same ” Sell on the rise .”
Intraday trading Levels Buy Above: 6119 Resistance 6130 | 6147 | 6176 Sell Below: 6083 Support 6073 | 6055 | 6026
CMP ADANIENT 207.25
Short term trend is upward on the charts, while the letters of strong resistance is around 214. As a strong rebound in the short term could attract selling pressure in place therefore traders strategy would be to sell in stands with a strict stoploss of 214 by closing basis .
Intraday trading Levels Buy Above: 211 Resistance 214 | 218 | 225 Sell Below: 203 Support 200 | 196 | 190
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