Hot Stocks | Nifty may fall further; two stocks you can buy for short-term gains

In the last three weeks, Nifty has found resistance around 12,300-odd levels multiple times.

The resistance of 12,300 was derived from the upward sloping channel on the weekly charts of Nifty. Trend-line adjoining weekly tops of August 31, 2018, and June 7, 2019, projected a resistance around 12,300 and the same acted as a reversal point recently.