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How to trade RIL, SBI, ITC, HUL, HDFC, HDFC Bank post F&O expiry

Trading strategies for index heavyweights based on their technical chart patterns

Markets, Stocks, BSE, NSE
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Avdhut Bagkar Mumbai
NIFTY50: The index recovered after dipping below 50-DMA (day moving average) on Wednesday. A candlestick form resembling "Hammer" was seen on the chart, signifying a trend reversal. Following sharp gains in the US market overnight, the Nifty index conquered 10,800 immediately on opening amid the expiry of derivative contracts.  The index, however, witnessed resilience around 10,800 and closed slightly below it.

Click here for the chart

A revival in a trend indicates upward rally towards the breakout level of 10,985 as per daily chart. The rollover data stood at 74 per cent

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First Published: Dec 28 2018 | 7:50 AM IST

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