NIFTY BOUNCED BACK AFTER
CORRECTION PHASE
The
NSE Nifty spot closed at 5717 up by more than 1% with the higher buying
pressure in banking and finance sector. There were huge buying pressure in
bluchip stocks too in the nifty 50 stocks. Technical indicators are still
showing sell signal. 5722 is the major hurdle where as 5635 is the major
support for nifty spot. Day traders are advised to sell on higher level. Nifty
will move ahead up only after crossing above 5720 level.
Happy
Trading !!
Megha
Investments & Research Team
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