The
NIFTY'absorbed' the
IIP Data of 16.7% and remained indecisive today too. The
'behavior' of the market suggests that it is not too comfortable at higher levels. Most large caps and also some mid caps are showing signs of fatigue.... Incidentally
today's Advance to Decline ratio is almost 1:2... which is quite weak considering that the Nifty closed in positive territory....
Bharti Airtel is one stock which I had analysed in the ITG Group and I am sure your entry has taken place at lower levels.. It has closed positively ..
Expect a level of Rs
330 - 345 in coming days and keep a stop near to 289/-. And yes, this scrip has the ability
to go 'against' the trend.
Happy trading !
CA Rajiv D Khatlawala
ValueTrade Academy
www.investogyan.com
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