Daily Trading Desk: Two trades for short term gains, a power stock for 5% rise & FMCG major for 7% gains
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Synopsis The markets extended their gains but faced resistance at key levels, with the Nifty ending up by 104.70 points. Tata Power shows potential for a breakout from its consolidation range, while Honasa Consumer has broken out from its horizontal trendline resistance, indicating a possible 7% rise in stock price. There was a smart extension of the upmove by the markets; however, they also resisted the key resistance levels before coming off from their high point. The Nifty saw a positive opening to the session; it slipped into negative territory in the first hour of the trade. After that, a smart rally followed with took the Nifty well above the psychologically important 25000 level at 25130. Given the existence of strong pattern resistance there, the ETMarkets.com Sep 11, 2024, 05:45:00 AM IST Gift A Story Share member-only stories with your friends or family and help them read it for free. Gifting Limit Reached! Hey , no more stories...