TRADER SETUP TODAY
PRATYKSH BLOG TOPIC - TRADER SETUP TODAY Based on the Ol percentage, a total of 75 stocks witnessed short-covering on Thursday, including Cummins India, Syngene International, Gujarat Gas, GAIL India, and Britannia Industries.The market remained under pressure for the second consecutive session on January 5, dented by selling in banking & financial services, and technology stocks after FOMC minutes hinted at continuity in aggressive stance as Fed officials' focus remains on controlling inflation. The BSE Sensex fell 304 points to 60,353, while the Nifty50 slipped below the psychological 18,000 mark, down 51 points at 17,992 and formed a bearish candle on the daily charts with the lower shadow indicating support -based buying"The market continued to remain under the bears' control as the benchmark Nifty corrected for the second consecutive day. The daily momentum indicator is in a bearish crossover, suggesting weak price momentum for the near term," Rupak De, Seni...