 "Markets, Buy, Sell, Stocks, Shares")
NIFTY: SELL
TARGET: 10,975
STOP LOSS: 11,258
Nifty closed in the negative territory on Monday for the ninth consecutive session and with that it has been continuously forming lower tops and lower bottoms. The momentum indicator is deeply in the negative territory on the daily, weekly and monthly charts. The index seems to have formed and expanded flat pattern and with that, wave C down seems to have started. The conservative short term target comes at 10,975 and the stop loss for the same is seen at 11,258.
MRF: SELL
TARGET: Rs 51,670
STOP LOSS: Rs 54,135
The stock has completed a three wave rise in its
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