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Last Updated : Feb 12, 2019 01:31 PM IST | Source: Moneycontrol.com

Buy or Sell | Nifty likely to remain sideways; buy Tech Mahindra, sell Axis Bank

Nifty smallcap created a new swing low while the Nifty created a new swing high which shows divergence.

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The major point of concern last week was the broader market which underperformed. Nifty smallcap created a new swing low while the Nifty created a new swing high which shows divergence. It would be something to do with lack of triggers. Lack of broad-based buying was seen, we stand bit skeptical and important support would be 10700-10800.

Resistance is around 11100-11150. Nifty likely to trade in sideways zone, says Pushkaraj Sham Kanitkar, AVP - Technical Research at GEPL Capital.

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First Published on Feb 12, 2019 01:30 pm
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