Technical analysis: Daily Trading Desk: 2 trades for short-term gains; a pharma major for 5.4% gain, a large PSU bank for close to 5% upmove
It was a day of a relief rally for the markets. Following persistent weakness over the past few days, the Nifty finally staged a technical rebound and managed to end near the high point of the day. The start of the day was rather subdued; however, the Nifty continued to remain in an uptrend, forming gradual highs throughout the day. Some choppiness was ingrained, but the markets were able to largely maintain their gains. The headline index
