Nifty chart this time does not provide any clear direction about market movement even on chart one indicator shows some upside move may happen while other reflect negative.As FII buying & DII selling so we can expect some range-bound movement until we get some concrete trigger.
In other chart attached here Welcorp is very much oversold & resting on support levels,i believe if it holds
current levels then it can go 10-20% higher from here,so we can initiate buy on it with strict stop-loss.
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