reliance gave a tonytrade on Firday. go long above 1055 only. Stay Short below 1047.
Colpal is looking good for shorting at 734/731.
I am paper trading Tatapower Short at fridays Close price. It was a nice ZLR.
JSWSTEEL gave a bg100 yesterday. Trend can be downside.
Infosys already formed a downtrend, and also gave a reject to downside. Closing below 2604 can bring more downside.
paper Trading ICICIbank, Cairn, bharatforg, NIFTY and HINDALCO Short on fridays closing price.
On daily charts the price has just reverted near the 20 and 34 EMA. CCI hook of ZLR is also good. If downward moves continue, i expect nifty to b around 5018 / 4966 / 4874.