Charts for the Day

Controversies are bad in general for company..but after seeing the latest two incidents of stocks one here in india and another in foreign country...result is its good for company stock performance...

Cafe coffee day (CCD) employee after beating law college student observed rise in stock price..similarly in united contntl holdings after the passenger dragged off the plane by airlines employees, here too stock price is on upward path...

Lesson is, ignore the noise..??.....dont know but yes you need to shrug off those news and believe in your stops...

Bpcl . Extended fall this month

Not Yet I think looking at the OBV selloff, maybe a pullback only but i could be wrong. Sorry unsolicited reply.

Nifty is in short term downtrend...in intermediate and long term its still up...
MACD on daily is looking down with -ve divergence and weekly too turned down but still above that 9ema crossover...

9603-9625 will act as resistance zone...sustaining above this positive for bulls...
We identified the exhaustion by midcaps & smallcaps and since then nifty is showing fatigue to carry on higher...

With launch of GST from july 1st, lets see whether LIC got mandate to hold market higher till then...

50 SMA in first sight for institutions to add on existing positions..so ideally that a good point to enter stocks again for further rise...Breaking below 50 sma with volumes will put whole intermediate trend under risk...