As i have already mentioned in my previous analysis. I clearly stated that Nifty energy will be down for upcoming few weeks. Because the market was getting help with energy sector and backing it up for last few weeks. Now that support breaks, so we can say that it will be further down.
As we have watched the energy growing up more. Now it's time to loose some because energy sector got their wings much like an eagle. It's a time to go down and catch up the legs in the muds. Tata Power CMP is 204, i started looking it when it was 240. So watched it up with some popcorn and have some patience for 170 level on the ground.
Thank You For the reading.
