sreebhashyam

CNXAUTO - Caution Diversion Ahead.

Short
NSE:CNXAUTO   Nifty Auto Index
The recent rally met the boulders. Short term looks heavy and prone to profit taking. New base is 8600 loss would push deeper correction and flag the daily to bears. Too early to conclude though. Below 9000 softer bias and weaker among the sectorial indexes in shorter frames. Sell stop 1% take profit 2%; Watch 8600 reaction.

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