NIFTY : Weekly charts stay bearish and makes no sense posting a 'weekly' chart every week.
A note : Volumes dropped last week.
Daily Chart : Not interesting either. The daily MACD is going flat . I see the "fierceness" of bears should take a breather now. Nifty should be rangebound for sometime with negative bias.
Any sharp fall should be limited to gap filling of 5450 and again pull ups pull downs.
Only Caterers stay when the party is over.
With results season ON , I am highly interested in few Stocks.
Let's trade the better odd ticker , avoid nifty and look for some nail biting action :
STOCK PICKS :
I have three choices where my trades will revolve.
TCS LONG.
MARUTI SHORT
LT SHORT.
All three self-explanatory daily charts are below.
By end of this week I am on a vacation with extensive travel. Consider this as my last researched post for April Series. Will resume from second monday of May.
SS
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