Tuesday, 10 July 2018

5 Value Buys That Could Return 11-16% Return In 1-2 Months

Posted by suhani varma on Tuesday, July 10, 2018 with No comments

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The markets got off to a positive start for the week following positive global cues. The Nifty closed at 10,853, up 0.74 percent on Monday. The index formed a ‘Hanging Man’ kind of candlestick pattern on the daily chart, which is a reversal pattern.

The index has managed to close above the falling resistance line connecting the high of 11,172 after previous failed attempts. The daily moving average convergence divergence (MACD) line has given a positive crossover, with its average suggesting that the consolidation phase is now over.


If it continues to hold above 10,790, the index can rally initially towards 10,929 and then possibly towards 11,100 levels.

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