Dabur looks weak and is currently closed right on the 200 dma and also just below 100 dma..it is an important support area.. since it is also the weekly 20 moving avg..
the stock looks weak on daily chart.. it can bounce to 432 odd levels where is there is resistance of 20 and 50 dma.
all 4 daily moving avergaes are in the range of 420 to 434 zone..any breakout...
Nifty on the weekly formed a evening star type candle which can be confirmed depending this week close.
on daily chart gapped down and failed to close the gap immediately
the gap will remain a resistance zone (11400 11435)
it would be interesting to see when the gap is tested and how it reacts after it tests the gap.
Nifty with todays rally is nearing important resistances..
with election dates to be announced pretty soon, the market reaction can get volatile
(historically march 1st week , dates are announced).
its in flat zone where no one really knows what the movement will be..