 "Downside targets for Nifty are seen at 11,112 and 10,882")
Nifty has entered in to short term down trend
Nifty recently violated the 20 days SMA and EMA supports. The index also formed a bearish engulfing pattern on the weekly chart on week ended 4th Sep 2020. It would be advisable to remain bearish in the market unless Nifty surpasses the resistance of 11,585. Downside targets for Nifty are seen at 11,112 and 10,882.
Stocks:
Sell Tata Steel (403.50) | Target: Rs 385 | Stop loss: Rs 415
The stock has violated previous bottom support of 410 on the daily charts. Volumes have gone up along with the price fall. RSI oscillator has
