Technical Analysis Of Indian Index ( Buy or Sell )

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Motilal Oswal is positive on which scripts ? Lets see..

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The Nifty remained rangebound in the last two trading sessions, but witnessed a strong recovery last week from 10,333 to 10,838 levels. It formed an Inside Bar pattern on the daily scale and a strong bullish candle on the weekly scale, which indicates that declines are being bought into the market. It has to continue to hold above the 10,700 zone to extend its move towards the crucial hurdle of 10,880-10,929. On the downside, support exists at 10,650, then 10,600 zones. It has been flirting near its 50-day exponential moving average (DEMA) and needs to surpass this crucial hurdle to commence the next upmove in the market. The Nifty started last week on a negative note with the resignation of Reserve Bank of India Governor Urjit Patel and outcome of state election results, but managed to recover from the lows and bounced to 10,800 zones. Volatility index corrected sharply by 18.45 percent last week to 15 levels, while put-call ratio moved up from...
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Problems rises for Mehul Choksi...

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