Friday, 23 October 2015

MarketMagnify Updates: Seventeen stocks in focus in Friday's trade

Indian markets are expected to trade higher on Friday tracking positive trend seen in other Asian markets.

"To me, the current scenario points towards consolidation. Very clearly, the tiredness or the momentum breakdown is happening only on the intraday charts. This is typically a setup which calls for some kind of pause at highe
r levels.

"It suggests that after having gone through a rally from 7,700 levels to 8300 without any serious correction to about, some profit booking is being attracted at higher levels," he added.

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