After making an all-time high at 12,103 on the 1st trading
session of June, Nifty spent the rest of the month in a corrective mode. Though
there were few stock specific shorting opportunities during this period, the
ranging price action was quite annoying for most short-term traders as it
lacked directional bias in either direction.Selling pressure was visible in the
midcap space as the Nifty200 breadth remained weak. Bank Nifty witnessed selling
pressure for the first half of the series, however, a smart recovery was seen
in the last few trading sessions.During this contra trend period, the putative
swing low (of 11,625) in Nifty50 was formed near the gap support area of
11,600-11,400.Jet airways employees consortium,
AdiGroup to bid for 75% of airline Inside
Apple's long goodbye to Jony Ive, the man who designed the iPhone From
liquidity to stress fund: Real estate, homebuyers' Budget expectations Over
half the SME universe in the red: Here're the top losers since 2012 ONGC seeks bids to enhance
production from 64 marginal fields
No comments:
Post a Comment