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NIFTY: SELL
TARGET: 11,225
STOP LOSS: 11,400
Nifty has closed in the negative territory in the last trading session for the seventh consecutive day now. The daily momentum indicator MACD is in the sell mode on the daily as well as weekly charts. Hence, the probability of a further downtrend is high. The index has been forming lower tops and lower bottoms and till that continues, the overall trend will remain negative. The short term support is pegged at 11,225, whereas resistance is pegged at 11,400; hence, we recommend selling.
DIVI'S LAB: SELL
TARGET: Rs 1,526
STOP LOSS: Rs 1,683
The stock has provided a breakdown from
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