Nifty - indecisive moves

The Nifty seems to be indecisive after three days of 'post-budget' rally.. 5100+ levels seems to be a profit booking level for traders and we are witnessing more stock specific moves.

The recent rise in most stocks of the index are still corretive in nature. While some midcaps have turned positive technically, we may say most of the stocks are witnessing corrective rebound (Bharti Airtel is a good example here)



Consider 5100+ level as profit booking level and intraday supports need to be considered at 5055 levels ...

Keep strict stoploss for frontline stocks or hedge your positions.

Happy post budget trading...

CA Rajiv D Khatlawala
ValueTrade Academy
www.investogyan.com