At support level, chances are for trend reversal
Doji on daily chart.Confirmation leads to some profit booking
Currently at support level. As long as this level holds, some upmove can be seen.
Strategy for Bank Nifty as long as it doesn't cross 27100 decisively.
The stock has been rallying past for few days. Some profit booking possible for this week
The stock has been rallying continuously and consolidation is expected
Havells India - Outlook for the week
Kotak Mahindra Bank -Short Term Outlook
Nifty has rallied almost 5% in past 10 trading days and majority of the contribution comes from few stocks like RIL, HDFC Bank, TCS, HUL which rallied more than 10%. Any profit booking or correction in these stocks will bring nifty down unless other stocks contribute for it uptrend. So bearish on market for short term/medium term. Outlook for this expiry: Below...
The trend is down for the past few days and chances are that at the support level it may reverse for short term.