Hello,
It has saved 19700 marks which was important. We saw a 500-point correction in just 4 days of trades from ATH. So far, it looks healthy. I must say to remain intact in rally mode Nifty must save 19700 support levels else it can go sidewise
Suppose, if we see a reversal pattern today on the EOD chart then it can be another phase of rally and perhaps we are on the bottom of this. Today's closing will have a lot of meaning. One can expect a strong reversal day with a gain of around 150 points on Nifty.
Stock to watch for trading opportunities on the long side are - LT, ACC, and TATAMOTORS.
Happy trading,
Praveen Kumar
