TRADERS’ CORNER: A watch reseller for 10% break outmove, while a QSR makes a comeback attempt for 5%

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Synopsis

Some old horses are coming back into action.

After an unabated upmove over the past few days, the markets finally showed some signs of corrective intent as they closed on a negative note despite substantial recovery from the lows. The Nifty saw a flat start to the day; however, it soon slipped into a negative zone in the initial minutes of the session. The selling pressure got stronger in the morning which got the Nifty test to the low point at 24141.05. The markets made a substantial

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