TREND FOR 17th AUGUST

Markets continue to trade with negative sentiment & are below 5 & 10 EMA thus technically weak , but also in oversold zone & thus the Nifty may move up to 5106 - 5193 & on the downside may slip to 5000 - 4975. Long positions can be taken in TATACHEM for a target of 390, PIRHEALTH for a target of 410, MONNETISPA for a target of 530, HEG for a target of 263, CHENNPETRO for a target of 240.

                                                                        CHEERS !!!