Hi All,
As mentioned yesterday, Nifty had given a couple
of alarming candlestick Patterns, i.e. Hanging Man and Doji, however yesterday’s
strong close above the key levels of 7520-30 will negate the impact of these
patterns.
As our regular strategy, rather than buying
on a break out of resistance, one can think of entering on dips. Intraday supports near 7505-7490-7475
Next pit stop now will be near
7580-7610....
7610-7620 will be the next key areas to
watch out for the medium term trend reversal.
Cheers!
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