QUOTE(anamikarai @ Mar 19 2014, 09:13 AM)
The Indian equity benchmark index witnessed profit booking from higher level of 6570. The day was started with gap up opening on the back of positive global cues yet the gap was used as some profit taking opportunity by traders & nifty slips from 1% gain to flat note yet the manages to hold 6500 mark. At the end nifty closed at 6517 mark with modest gain of 0.20%. IT & capital goods were down in yesterday trade yet Midcap index outperform by 1%.TECHNICAL INDICATORS:
Momentum indicator RSI is again catching momentum while stochastic still has head toward south.
CCI has moved up from 50 mark whereas MACD is positively poised.STRATEGY FOR TRADERS:
Nifty is consolidating around 6600 mark amid global events yet traders are advised to remain long till nifty trades above 6460 mark; in upside it will gain momentum... Read MoreOnline Share Broking Companies
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BUY BANK NIFTY ABOVE 15160 TGT 15200-15260-15360 SL 15100