Nifty forming Island pattern between 9700-9800 levels and leaving gap between trading range earlier and after. This pattern considered as bearish. 8/10 times market repeals from it. Other thing is nifty is in trading in descending triangle zone. Its breakout expect downwards between 7-8 days.
HCLTECH IN VERY INTERESTING MODE IN CHARTS.IT HAS TO DECIDE IF CLIMB AGAINST THE TREND OR SAIL WITH TREND TO DOWNWARD JOURNEY.
ONLY TIME WILL TELL...WAIT AND WATCH
HDFC BANK STARTING ITS SLIDE TO 750 WITH CURRENT MARKET SENTIMENTS. EXPECTED FALL IN 17 DAYS TO 28 MAY.
OR THERE WILL BE CHANGE IN VIEW. WHICH WILL BE REVISED AGAIN
