Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 2 Aug, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 2 Aug 2018
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Equity benchmarks surged to fresh lifetime highs boosted by strong global cues and domestic earnings. The weekly price action formed a strong bull candle with a higher high and a higher low signalling continuation of the positive momentum.
The entire up move in the Nifty during the previous month from the low of 10,557 was well-channeled signalling sustained demand at elevated levels. However, a sharp up move of more than 450 points in just nine sessions has led to daily stochastic oscillators to the overbought territory with a reading of 97.
Thus, a temporary breather (in the form of minor profit booking) from a higher band of the rising channel (11400) cannot be ruled out. However, we believe such a cool-off would make markets healthy.
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