Business
Bullish, after factoring the volatility which the current US-China trade war and the general election would bring to the markets, markets are likely to resume the upswing
Updated : Feb 20, 2019, 05:50 AM IST
Short-term bear as Nifty has broken down from rising trendline structure. It has also cracked below the long term 200-Dema of 10750.
Aurobindo Pharma, Adani Ports, Kaveri Seeds Company (KSCL), Colgate Palmolive.
Realty, IT, Metals and PSU Banks.
Bullish, after factoring the volatility which the current US-China trade war and the general election would bring to the markets, markets are likely to resume the upswing.
Failure to surpass its 200-Dema and crack below the previous low of 10640 saw selling pressure extend in markets. Bank Nifty too formed an uncertainty candlestick pattern which aided to weakness.
Hadrien Mendonca, senior technical analyst, IIFL Securities