Out of the 50 NIFTY Stocks, 18 Stocks are near the RESISTANCE and Generated the SELL signal. The Stocks near the RESISTANCE which at this point in time Can be sold and DEFINITELY NOT A BUY ARE
AXISBANK
BANKBARODA
BPCL
DLF
HCLTECH
HEROMOTOCO
ICICIBANK
LT
M&M
MARUTI
NMDC
RANBAXY
TATAMOTORS
TCS
ULTRACEMCO
The MORE number of Stocks near the RESISTANCE will either Generate the SELL Signal or will move the NIFTY UP. My view is that, Since the NIFTY has moved 400 points without any major correction, First Correction of 200 points to MAX PAIN @ 5900 and then may another Rally.