Nifty following our lead and moving as per our levels to the 'T' closed at near 5500 levels, has now reached our STPT levels after breaching the 5700 mark. (see previous update)
Nifty is quite oversold right now and its the right time to look into buying. Any further fall towards 5420-5450 levels in the coming few days might see Nifty making a panic bottom for the short term which can be used for buying into.
Final Call??
Buy Nifty with closing sl at 5400 with tgt of 5950
Risk = 120 points Reward = 420 points
Nifty is quite oversold right now and its the right time to look into buying. Any further fall towards 5420-5450 levels in the coming few days might see Nifty making a panic bottom for the short term which can be used for buying into.
Final Call??
Buy Nifty with closing sl at 5400 with tgt of 5950
Risk = 120 points Reward = 420 points
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