Today bank nifty price moment is giving some confidence to trader for some pull back rally from these labels and also on candlestick chart Relative Strength Index indicating over sold position because of that it may be possible that some pull back , we can see in bank nifty as well as CNX NIFTY.... On CNX NIFTY chart relative strength index again at 4600/4800/5500 bottom labels so from these labels if anyone thinking for some bounce then it should !!!! Again I am seeing some weakness in IT stock... so keep an eye on IT stock ....
But major trend still in negative so my suggestion is be stock specific with strictly stop loss.. .....
SELL TECHM BETWEEN 1230-1240 SL 1265 TGT 1200,1180
BUY IDFC BETWEEN 105-106 SL 102 TGT 111,114 (low risk )
Keep an eye on coalindia if close above 263....
Regards
Raju Ranjan
9975606284
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