Market has held its major immediate support (5630) for past 2 hours and trading in positive direction.
There are heavy shorts built up and now if market moves above 5650- 5670, there will be very good short covering rally which can take the market upto 5700-5720.
You can Buy Nifty now, with stop loss 5580 and exit at 5650, 5670. If it comes above that, rally will be quite good.
You can Buy Ashok Leyland now when it starts moving up above 28, keep stop loss below days low and cover your longs @ 29, 30
There are heavy shorts built up and now if market moves above 5650- 5670, there will be very good short covering rally which can take the market upto 5700-5720.
You can Buy Nifty now, with stop loss 5580 and exit at 5650, 5670. If it comes above that, rally will be quite good.
You can Buy Ashok Leyland now when it starts moving up above 28, keep stop loss below days low and cover your longs @ 29, 30
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