Nifty made the strong upside rally today and in the end made the strong closing in green zone as well. As we already recommended to buy on dips in nifty future until it close below 5350 for the targets of 5500, 5550. Today market achieved the targets. Now nifty is looking for more up moves. The next resistance in nifty future seems to be at the zone of 5600 to 5610. Decisive closing above this resistance zone may take up it till the level of 5700 in near run.
So for intraday trading we recommend long position in nifty future from the current levels for the target of 5650, 5700 with the stop loss around 5540.
So for intraday trading we recommend long position in nifty future from the current levels for the target of 5650, 5700 with the stop loss around 5540.
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