Tuesday, May 23, 2017

STOCK FUTURE TRADING TIP FOR 24 MAY 2017


SELL GLENMARK below 650 TG 635/620 SL 675


The GLENMARK is in downtrend  and is forming a continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 647, where one may initiate the short position in it for the targets of 635,620 while stop loss can be placed at 675 .22&55 and 200 EMA seen as resistance levels on intraday charts .Today, Pharma stocks were the biggest losers with Nifty Pharma posting sixth consecutive session of loss. The sectoral index fell over 3% dragged by Sun Pharma, Aurobino Plarma and Cipla.

DAILY CHART FOR GLENMARK


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