JAN Expiry FIRST TRADE :

NIFTY : I need more time to get the sync back.
STOCK :

I will like to go LONG in ITC
Some where this selection has a base , Nifty rally is over and we should start softening up eventually Reverse Gear.

When ever a Rally ceases , first RED days ,  FMCG stocks continue the rally.
Somewhere in the background I was looking any pick among them.

Among all ,ITC has pleased me with it's chart.
Gave a close above 5 ema ,trading near the lower end of the channel.
Volumes drying up .
RSI Oversold.
MACD is making a curve to upwards now.

Stop Loss : 288
First target : 294
And a fly above 294 , if it sustains.
Cant have a better risk reward ratio.

Daily Chart :

December rally ka ...., Last Nifty Trade ka....sabka badla lega tera faizjal..

SS