NIFTY IS BEEN TRADING IN THE RANGE OF 4840 TO 4950. TODAY WE HAD SEEN FRESH BUYING POSITIONS IN NIFTY & ALSO IT MADE GOOD UP MOVES TODAY. BUT IT WAS NOT SUSTAINING HIGHER LEVELS ABOVE THE 4900. SO TECHNICALLY WE COULD INTERPRET THAT UNTIL IT CLOSE ABOVE 5000 LEVEL WE COULD NOT EXPECT THE UPTREND. STILL WE RECOMMEND THAT WE SHOULD GO FOR SELL ON HIGHER LEVEL STRATEGY.
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