Technical indicators on Nifty chart suggest some downside move,it might not be because of weakness
in market but of its move to complete the pattern.However as the result
season has started so market would be a bit more volatile that would
trigger stop loss both side,a
cautious approach would help us to avoid losses.Kindly trade Nifty as per below chart first immidiate support is 5180 on closing basis next major support would be 5000.
In
next chart WIPRO is looking heavily oversold and closed on it support
360 where from a small pullback is expected.we can trade it on intra and
delivery basis,however
we need to keep strict stoploss.Buy it around 355-60 sl 340 trgt 390 in two
months time frame or we can also trade it on selling side, sell below 360 sl 360 on closing basis target 340.
