Short

POWERGRID-SELL

Updated

Broke the recent support and retest has been done.
We may see selling pressure at this level.
Verify and trade.

Note

Uncertainty about US Fed to cut interest rate after reported hotter than expected US retail sales data,
nearly 2-month high US 10-Year bond yield, mixed bag of China economy data, spike in UK December
Inflation, sharp decline in HDFC Bank ADR and FIIs over Rs10000cr net sellers yesterday may open
domestic equity market on a weak note.
• US market declined up to 0.5% and US VIX (Volatility Index) surged by 7%.
• European stocks are nursing heavy declines after an unexpected pickup in UK inflation prompted traders
to pare bets on interest rate cuts from the Bank of England. Gift Nifty decline by 0.8%.
• Results - Indusind Bank, Polycab, Poonawala Fincorp, 360 One, Mastek
Nifty Cash R1 R2

Note

Nice

Note

rocking

Trade closed: stop reached

IN50USD

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