Nifty - Technical Analysis:
-Nifty gapped up good today around 11400 and closed at 11378
-Nifty got back in trading range and not move on wither side is possible with a bullish bias
Market - Driving Factors:
-Gains in index heavyweights HDFC twins, Asian Paints and Axis Bank
-Bharti Airtel, ONGC, Tata Steel, HCL Tech and RIL were among the laggards. Of 30 Sensex...
HAL is in a critical zone as if that trend line breaks it will be in a range parallel as that is having greater chance
BUT there can be a upward moving parallel channel if it bounces back and starts to move up
I AM ON NEUTRAL POSITION right now
please tell me in comment section if you find any error and also suggest me which stocks i should analyse
Paper sector is booming due to adversarial move in crude price and long term negative impact of plastic on environment. this was the economical and sentimental change in though of investors, which has caused the price to move in tandem and stronger than nifty. However tenkan kijun and cloud B have become flat and price could be attracted towards it.