VEDANTA SHOWN FEW TIMES IN PAST THIS MOVE.
WIPRO,OFSS,INFIBEAM,HCLTECH AND INFY ARE UNDERPERFORMING NIFTYIT YTD.
MINDTREE,KPIT,TECHM,TCS,AND TATAELEXI OUTPERFORM NIFTYIT YTD.
AUTO, METAL AND PHARMA SECTORS ARE UNDERPERFORMING YTD.
IT AND FMCG ARE OUTPERFORM THE NIFTY 50 RETURNS FROM YTD.
Colgate palmotive shows bearish crossover. Some of the important levels are mention on charts.
Looks good on chart. 1970 should act as support.
Conformation required to go long.One can go long above 324 closing basis. Target can be 350.
Acending triangle formation
L& T bounce back from 0.236 retracement. TP-1400 Sl-1298
Formation of big W is taking place,after conformation one can enter long. Entry=531 TP=580 SL=490
Resistance can be offered from 1000 level.