1578: Stock picks of the day: Hold Nifty Longs with strict stop loss of 10,900
Nifty has been gradually moving up. Nifty has seen a fall of 1,321 odd points from the all-time high of 12,103, registered on June 3, 2019, to the recent low of 10,782.
By joining daily lows, upward sloping trend line projects the strong support at 10,900 odd levels.
If we were to take 38.2 percent and 50 percent retracements of this entire swing, it comes at 11,287 and 11,440.
Nifty is current...
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Aug 20, 2019