Energy Market Outlook and Sector Updates: Nirmal Bang

Energy Market Outlook and Sector Updates: Nirmal BangCrude oil: The counter moved positive yesterday exactly touching our target of 3450 on the upside. The prices are now seen exactly resisting the 40 DMA at 3454. The ADX indicates a side way trend in the counter as yet, thus its not safe to take positional enter at this point.

But one can remain long in the counter at dips, targeting a intraday upside of 3490-3510.