 "The stock of Polycab India has provided breakout from a 1-month consolidation and volume has also picked up from a past couple of sessions")
BUY NIFTY | TARGET: 11,400 | STOP LOSS: 11,140
The Nifty index is consolidating from the past couple of sessions and also finding support near 11,100 zones. The nifty index also formed a dragonfly Doji candlestick pattern on the daily chart which is considered as a bullish reversal candle. The momentum indicators and oscillators on the weekly scales are still in buy mode which hints of some buying at lower levels. The volatility index is currently near 21 levels which is giving comfort to the bulls. Thus, one can remain on the long side by keeping a stop loss of 11,150.
BUY
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