Markets look a buy on every dip towards 5300 levels.
Till the markets dont break the recent low of 5177 there is every possibility that one might witness a rally towards a break of the 5900 resistance levels with the markets finding support around the 5300 levels. My trend sheet is showing positive trend for the nifty in the medium term. Any furthur dip in the coming days towards 5300-5350 levels can be utilised for buying with sl at 5180. target remains 5900+
Risk : 200 points
Reward : 600 points
"Markets reward those who act early. The ones who are trapped are the ones who are late"
- Ankit Solanki :)
Till the markets dont break the recent low of 5177 there is every possibility that one might witness a rally towards a break of the 5900 resistance levels with the markets finding support around the 5300 levels. My trend sheet is showing positive trend for the nifty in the medium term. Any furthur dip in the coming days towards 5300-5350 levels can be utilised for buying with sl at 5180. target remains 5900+
Risk : 200 points
Reward : 600 points
"Markets reward those who act early. The ones who are trapped are the ones who are late"
- Ankit Solanki :)
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