Today Nifty had a flat closing. On charts the divergence is still there. Lets see whether price will follow the momentum or not ?
On Nifty daily chart leading indicators are not making new highs while Nifty is at new high.Coming few session will show us what is in store. any way, its better to loose opinion than money.
Today Mid cap Auto stocks saw buying interest . Mid cap is the place where action is going to be .
Motherson Sumi Systems has support at 126 and resistances are at 145- 152 & 155.
Trade well and learn about the market tendencies .
Tuesday, April 6, 2010
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