Forwarded from ❁Stocks❁ ❁Result❁& BREAKING News
🔷Adani Wilmar may takeover RENUKA SUGARS
AWL considering complete buyout of RENUKA SUGARS LTD
+ve for Renuka and Sugar stocks
AWL considering complete buyout of RENUKA SUGARS LTD
+ve for Renuka and Sugar stocks
Trend Chart
INFY
INFY - can consider to add at 1610 level - long term . for swing trade target will be 1710 and SL 1530
death cross: Nifty50 forms Death Cross 1st time since March 2020; 12 more firms log bearish crossover - The Economic Times https://m.economictimes.com/markets/stocks/news/nifty50-forms-death-cross-after-march-2020-12-more-companies-record-bearish-crossover-on-monday/articleshow/90916514.cms
The Economic Times
Nifty50 forms Death Cross 1st time since March 2020; 12 more firms log bearish crossover
The Nifty50 which opened with a gap-down hit a high of 17,237 and a low of 17,067. It closed near the opening level thus making a Doji kind of formation on the daily charts. Crucial support for the index is still placed at 17,000.
A Death Cross is formed when a short-term moving average (50-DMA) crosses below a long-term moving average (200-DMA). 50-Days Moving Average is placed at 17,157 while the 200-Days Moving Average is placed at 17,164, data from Trendlyne showed.
Trend Chart
M&M - Mahindra & Mahindra - buy near 720-170 - SL 660-650
M&M - if anyone is holding - use trailing stop loss
Trend Chart
CIPLA - at strong support can buy keep 855 as SL
Cipla - I will add near 920-930 , sl 860