Have just made a quick album of technical charts with certain observations. But no enough time to elaborate on each of them.
Airtel, HDFC seem to be interestingly poised closer to breakout levels.
Reliance Inds has filled the gap and now 1010 will be a deciding resistance.
Cipla seems a good bounce back buy trade.
Interesting to note is large caps like Bharti Airtel, SBI, ICICI, Tata Motors, Reliance Inds, Infosys, TCS have been holding on to the medium to long term trendlines. At the same time many others like Autos, Pharmas have taken a big hit.
It gives an indication that from here on the market will become a Stock Specific Market and not a Secular Market.
Click on the View Album option to check all the charts.