Tech Mahindra - short move ahead

The Nifty closed today at the same levels as yesterday. Consider 4380 as crucial resistance and 4300 as support for tomorrow. We have two days of doji candles - indecisions suggesting the confused state of the market.

TECH MAHINDRA seems to be consolidating for some time now before resuming its upmove.



Consider 745 as crucial support. The technical indicators / patterns suggest a move intiially to 865-880 and then a close above 890 will give a further move up.

Happy Trading

CA Rajiv D Khatlawala