Nifty made the closing below the level of 5100 today and now could continue this selling pressure and could drag till the lower level of 4950 in near term. As we had already mentioned in our previous report that one could go for sell on nifty future below 5100 for target of 5025 to 5030 today it did.
Now, we recommend that traders could hold the short in nifty future for the target of 4950 and those who like to initiate new longs could do it below 5020.
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