The markets are doing absolutely nothing for the past few sessions. On the face of it, Nifty and Sensex are declining but the decline is not broad based.Call it index management if you will! One fine day HUL goes down...then its Maruti and Hero Honda....Then its Larsen and Toubro....
To counter these forces there are certain stocks which hold their head high while other stocks are facing selling pressure.Courtesy Reliance Industries in yesterdays trade!!
No clear indications from either side! There is long weekend holiday coming up. FIIs are on Christmas vacation..Maybe you should join the party.
Yesterday Sensex stood still at 16600 and Nifty at 4940 and closed around those important supports as mentioned in yesterdays post.Asia is trading positive in the morning and there will be a small gap up. Will it sustain? It probably should....Its the first gap up in Asia after four down days.
Keep a watch on metals. We maintain a positional buy call on SAIL
Have a great trading day!
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About Me
- Rahul Tawde
- Welcome to my blog.The name is Rahul Tawde. I have adopted trading as my profession and have been practicing it for over 2 years.This blog is an attempt to reach out to people in the capital markets who trade for a living.I welcome fellow professional traders to come forth with any suggestions to improve my blog and also to improve our trading.
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