NIFTY Trend Score

NIFTY (Last: 5117.95, down 87.15 points)

NIFTY entered into a short term sell mode after it closed below 2 weeks moving average and 14 day RSI fell below 50. Now the road is open for the Index to dig deeper and test 5100 and 5050 level. Major resistance levels are 5200 and 5250.

BHARTIARTL, DLF, GAIL and DLF are looking weak and we recommend selling on the uptick while CIPLA and DRREDDY are worth nibbling on dips.