The level 5900 is crucial for Nifty in the short term. If that level is broken, then the correction is likely to extend towards 5550 in the short term. Instead, If it fails to move below 5900, then a short term rally towards 6200 is likely.
Positional traders can trade short below 5900 and trade long above 5900.
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ReplyDeleteGood tips.Thanks
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