In My view till 5400 is broken one can stay long.
5400 a good support for Nifty
Considering the On Balance Volume and the movement of the Nifty. I find that the OBV is not making new high as against Nifty. While a good support have come at 5400 level.
L&T Breakout
There is good revaluation occuring in the L&T. Check the attached chart it has gone up and broken the cealing of the trend. This breakout indicates the strong uptrend.
As L&T is a very liquid stock some amount of consolidation will occur in this counter before it gets further upmoves.
As L&T is a very liquid stock some amount of consolidation will occur in this counter before it gets further upmoves.
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