Hello Readers / Visitors,Updating second chart for the day of Sensex, markets gave the rally in the mid afternoon. Anyways today markets have filled an important gap at 8740 levels & formed inverted hammer on daily EOD basis.
This is some BULLISH signs for markets in short term, when ever markets fills up any gap then we can see some bounce & also hammer pattern suggests that. But we need to wait for few days for clear direction.
Reliance industries call gave returns in range of 7 to 10%. Today Banking,Metals,Engineering stocks gave up early gains in the mid afternoon. Also telecom stocks were under pressure while Auto,Pharma & Fmcg stocks gained.
Pull back expected in days to come so lets hope for the best.
Regards,
Allies Financial Services
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