With the Nifty having defended the 4720 level 3 times now, the question on many lips is - Is the bottom in? Some stocks are showing signs of a positive divergence from the current low especially in the banks and metal space, so the bottom may well be in, in those stocks. Take a look at Sterlite and Icici bank, they look to have made their bottoms and now dips should be bought.
Other +ve divergence plays include tata steel and axis bank
No comments:
Post a Comment