Nifty index has broken the upwards parallel channel and could drop further. One can short-sell Nifty futures at17600 with a SL at 17720. If trades above 17720, one can reverse position for a target of 18000. Aggressive traders can short at current level with hedge
Scrip closed up on a massive selling day triggered by uncertainty in GOVT. Formation in Karnataka. FIB support also seen. Low volumes in this scrip usually, but not always, indicate instituitional buying. Caution: scrip is thinly traded mostly by instituitions.