NAUKRI (INFOEDGE) consolidating in it's selling zone
I had already booked profits in 
NAUKRI last week around 5000 levels. Since then it has been consolidating. Volumes are also low. RSI is above 50 but facing downwards. Price is still above 9 and 20 DEMA. So if it gives breakout then it can show 5300-5400 levels anytime soon. If it's not able to sustain and it comes to 4300 levels again then we shall enter again.
NAUKRI last week around 5000 levels. Since then it has been consolidating. Volumes are also low. RSI is above 50 but facing downwards. Price is still above 9 and 20 DEMA. So if it gives breakout then it can show 5300-5400 levels anytime soon. If it's not able to sustain and it comes to 4300 levels again then we shall enter again.
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