Hi All,
As suggested yesterday, traders who bought
on dips for last 2 days, can book profits now at the opening as Nifty is up by
almost 90 points and trading near a resistance of 7220 mark, and wait for the
further course of market action.
7220, will be crucial and above that, the
daily chart will confirm a higher top higher bottom formation which is surely a
sign of at least as short term bottom for Nifty confirmed at 6850-6860...
Cheers
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