TRADERS’ CORNER: A gas transportation and trading major ready for 6 to 7% swing trade in the short term.

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Synopsis

After a phase of sideways movement PSU are getting their momentum back.

After two days of consolidation, the Nifty 50 index resumed its upmove and had a strong trending day for itself. The markets had a modestly positive start and the index traded in a capped range in the first hour of the trade. In the late morning session, the index saw a very sharp surge which took it to a fresh lifetime high. For the rest of the session, Nifty stayed in a sideways trajectory and maintained the bulk of the gains. The benchmark

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