Wednesday, August 17

Technicals:Nifty,Tata Motors and Reliance

Nifty

Nifty has been grinding in the range of 5010-5197 from last 1 week and slowly the range is getting contracted to 5120 levels.
Today we formed an INSIDE DAY which give an indication of range breakdown from 5010 or breakout above 5132 levels.
Looking at How the Stocks in Mid Caps stock are getting hammered out of shape Like Jet Airways or Any Infra or Real Estate Stock is a grave cause of Concern.
Some How Nifty is hanging Over FMCG stocks like ITC and HUL and ONGC.
Banks have also started to correct and Bank Nifty closes below

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