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3402: Hot Stocks | Tata Steel, ICICI Bank two trading ideas for short term - Publication Date |
- Jun 17, 2021
- Episode Duration |
- 00:03:02
Nifty on June 16 opened marginally lower and remained under pressure. The previous day's Doji at the top indicated towards an evening star kind of a pattern and yesterday’s selloff has given the first indication of the probable short-term top.
Market participants took money off the table ahead of the Fed meet outcome.
Nifty's 50-day exponential moving average and 20-day exponential moving average have strong positive slops and the difference between them is also expanding. So, in the coming days, major supports will be seen near 15,535-15,190. On the higher side, 15,900-15,950 will act as resistance.
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