 "The stock of Britannia has witnessed some throwback post breakout from the levels of 2800")
SELL NIFTY | TARGET; 9,100 | STOP LOSS: 9,400
Nifty is finding difficult to sustain above 9,400 levels which is acting as a major hurdle. It has also provided breakdown from a rising channel on the hourly chart. The momentum indicator RSI has also slipped below 50 levels shows that Nifty is losing the strength and we may see some selling pressure towards 9100 levels. We are expecting consolidation in the broader range of 9000-9400.
SELL BPCL | TARGET: 285 | STOP LOSS: 332
The stock is making a lower top and lower bottom formation on the daily chart. It looks like that
