Nifty has broken the channel on upside giving strong rally and close after gap up opening now the next resistance is 5400 which is very near if closes above on daily as well as weekly nifty shall rally to 5582 – 5793 levels. Nifty has made head and shoulder pattern which gives higher targets.
FII net buyer in cash segment while DII net seller
FII has bought in huge amount today
For tomorrow nifty shall remain bullish until it is above 5328 with upward targets of 5390 – 5428 – 5490 with stoploss of 5304 below which nifty shall become weak with downward targets of 5242 – 5204 – 5142
Positional shorts below 5110 only until then try to buy near stop loss or play intraday levels. Nifty swing shall change if close below 4960 WHICH IS MARKED BY PINK LINE for two days till then swing is Up
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