 "There is a small hurdle of 200 days SMA, placed at 10886 but the setup of momentum indicators suggest that Nifty would surpass it")
Nifty is continuing its uptrend and looks all set to achieve the target of 11,270, which happens to be the 76.4% retracement of the entire fall seen from 12,430 to 7,511. There is a small hurdle of 200 days SMA, placed at 10,886 but the setup of momentum indicators suggest that Nifty would surpass the 200 DMA and will reach a target of 11,270 in the coming days. Trading longs can be held with the stoploss of 10,690.
BUY CHOLA FIN (213.75) | Target: Rs 230 | Stop-loss: Rs 207
The stock price has broken out from Flag pattern on the
