Friday 6 July 2018

Sai Proficient News Book profits on rallies to 10,800 levels; buy Marico, short Motherson Sumi

Despite the breakdown seen on the charts from 10,700 levels during last week, bulls showed tremendous resilience and rebounded sharply from its support level of 10,550.

  

Looking at the daily chart, the index is broadly trading in a range. It has formed a triangle pattern and is currently trading near the mid-point of that pattern.

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