Stock picks of the day: UPL, Divi’s Laboratories among top sell ideas
Episode 1530, Aug 07, 2019, 02:00 AM
Nifty50 recouped losses and closed higher ahead of the Reserve Bank of India policy outcome on Tuesday. Further, the index remains to be in a bear grip as it makes lower lows and lower highs on a consistent basis.
The index sold off in the last hour of the trading session on Tuesday as it failed to close above 11000 levels. Failure to make a higher high crossing previous day’s high will resume the corrections dragging it lower to levels of 10725-10560.
On the flip side, a sustained trade above 10,900 will trigger a short-covering rally to levels of 11,010-11,100.
The index sold off in the last hour of the trading session on Tuesday as it failed to close above 11000 levels. Failure to make a higher high crossing previous day’s high will resume the corrections dragging it lower to levels of 10725-10560.
On the flip side, a sustained trade above 10,900 will trigger a short-covering rally to levels of 11,010-11,100.