Cummins ---- Breakdown confirmed but no follow up.
Axis Bank --- Fall but with less pressure can expect pullback in coming days.
Technically this is a consolidation for the markets and it will continue to give surprise hits on either side. Traders need to be cautious and keep lower volumes and wait for right opportunities. Have seen a few stops being hit over the last 1 week.
Nifty may stay in this range of 4750-5150 for quite some time it seems. On the broader end 4500-4550 on downside and upside to 5320 remains an extreme case. Go stock specific and that too in lower positions be it short or long. Long term Investors may continue to use every panic for stock specific buying slowly.
JB chemicals may get interesting at 55-60 levels on terms of cash available.
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