 "Trading Strategy")
Nifty outlook
On June 28, the Nifty formed a bearish belt hold and engulfing pattern on the daily chart. Any level below 15,673 would violate the crucial support of the previous swing low on the daily chart. However, in the last six session, Nifty's range has been 15,700-15,900. This range needs to be broken on either side, to get back the directional move. Above 15,900, Nifty could move towards 16,300 target, while any level below 15,673 could drag Nifty towards 15,500 support.
On June 28, the Nifty formed a bearish belt hold and engulfing pattern on the daily chart. Any level below 15,673 would violate the crucial support of the previous swing low on the daily chart. However, in the last six session, Nifty's range has been 15,700-15,900. This range needs to be broken on either side, to get back the directional move. Above 15,900, Nifty could move towards 16,300 target, while any level below 15,673 could drag Nifty towards 15,500 support.
Recommendations
Buy CCL PRODUCTS (Rs 362): | Target: Rs 405 | Stop-loss: Rs 335
The stock
