Positionalview
Kajaria Ceramics : Positional ShortAfter a sustained upmove, stochastics is showing bearish divergence on weekly charts. Its a perfect short on positional basis for a target of 515/500/485/470. On daily charts it has already given bearish crossover. Weekly charts shows a bearish engulfing kind of pattern. If Nifty corrects then counters which has seen highest upmove in recent times will see a correction. Its safe bid to short it with a stoploss of 560 on closing basis.