As we saw yesterday, there has been a lot of profit booking by Fund-Managers. Although daily candle appears technically DOGI, this is single of change trend. Nifty price is still above 50MA and 200MA as plotted in a chart also, which indicating positive bias in the short term. Cash Nifty: selling expected is 11729 to 11748 and below 11580 below is confirmation...
Expected Selling by Big Fund-Mangers. Just watch volume due to live market and start to move with the flow. I have predicted here expected sellers and profit booker for BANK nifty.
MOTHERSUMI (Motherson Sumi Systems Limited) SELL BELOW 161.4
TATASTEEL(Tata Steel Limited) SELL BELOW 512.5
GODREJCP (Godrej Consumer Products Limited) SELL BELOW 696.5
ZEEL (Zee Entertainment Enterprises Limited) SELL BELOW 447
DIVISLAB (Divi's Laboratories Ltd) SELL BELOW 1662
VEDL (Vedanta Ltd) SELL BELOW 171.2
KOTAKBANK (Kotak Mahindra Bank Ltd) SELL BELOW 1210
AUROPHARMA (Aurobindo Pharma Ltd) SELL BELOW 709
EQUITAS (Equitas Holdings Ltd) SELL BELOW 109.35
HINDUNILVR (Hindustan Unilever Ltd) SELL BELOW 1724
KOTAKBANK (Kotak Mahindra Bank Ltd) SELL BELOW 1210
INDIGO (Interglobe Aviation Ltd) SELL BELOW 1107