PawanThakur
Short

Media Sector - Fall May Continue

NSE:CNXMEDIA   NIFTY MEDIA
In such a great market Media has Shown Terrible Performance.

Reasons

  • Both Weekly and Monthly Charts showing weakness and Support Region on Weekly is still far.

One can see further correction in these stocks.

Do not catch this falling knife and wait before you try to invest huge in any of these

My Favourite Stocks here are;

Zee Entertainment
Sun TV Network Ltd
Dish TV India
TV18 Broadcast
PVR

While Cash trades should look in other sectors for opportunities, F&O Traders can look for Shorting Setups.

NOTE: I would not short above mentioned stocks unless I have solid reasons because these are the big players and if any reversal happened. These stocks will likely trigger the rally. Be Safe.

Comments

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