Hi All,
As expected, though markets fell down after
a disappointing Monetary Policy, rallied today and are up by more than 80 to
100 points from the initiation near 8140-8150
Nifty now trades near a resistance of
8250-60 levels and short term traders are advised to book part profits and
trail stop loss below 8050, medium term outlook will be buy on dips with strict
stop loss below 7900 levels….
For any further upside Nifty should give a
weekly close above 8250-60 levels tomorrow in order to march towards the higher
levels of 8400-8600
Cheers
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