Nifty bounce from oversold levels after retesting the previous low with the help of +ve globle cues having +ve divergence on hourly charts nifty above 5120 can again change the views for bulls and it seems that there is not much downside in the near term and also a lower top and lower low formation is on so please donot short the market at this levels and try to buy near the supports given in small quantities as if tomorrow globle cues are +ve we might trade in +ve for 1 st half of trade and latter on continue with the downtrend so it is very fast market and on has to book profit as and when in profits or you loose.
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