Selling at higher levels suggests upside remains capped for Nifty in the short term. Traders are advised to remain neutral on the long side and use weakness in Nifty to create short positions with a stop loss above 12,040 on a closing basis, suggest experts.
from Moneycontrol http://bit.ly/2MC42Qz
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Apart from a Butterfly pattern on the weekly chart a bullish double bottom trade in IOC from Moneycontrol https://ift.tt/2QCh3JC
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