Hot Stocks | Tata Steel, ICICI Bank two trading ideas for short term
Episode 3402, Jun 17, 2021, 12:30 AM
Nifty on June 16 opened marginally lower and remained under pressure. The previous day's Doji at the top indicated towards an evening star kind of a pattern and yesterday’s selloff has given the first indication of the probable short-term top.
Market participants took money off the table ahead of the Fed meet outcome.
Nifty's 50-day exponential moving average and 20-day exponential moving average have strong positive slops and the difference between them is also expanding. So, in the coming days, major supports will be seen near 15,535-15,190. On the higher side, 15,900-15,950 will act as resistance.