ITC, HUL, Airtel among 5 Nifty stocks to avoid as the market bounces back

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ITC, HUL, Airtel among 5 Nifty stocks to avoid as the market bounces back - Business Standard

Quick Summary:

There 5 Nifty 50 stocks are struggling below the short-term moving average and given downside breakout on the super trend line; hence may see limited gains in case of a pullback, suggest tech charts.

Technical chart suggests that the Nifty pullback may continue till the 25,500 to 25,800 levels; provided the index manages to sustain above 25,050 levels.

Bharti Airtel stock is seen struggling around its 20-DMA, above which the key hurdle for the stock stands at Rs 1,759.