Market has taken support at lower levels and is showing some strength.
Since the Asian markets have been trading with a little positive bias.
Today's market can be traded with positive bias and hence we can cover the Infosys short positions (if anyone is carrying).
If market is able to sustain 5630 till 11 am, then you can trade in Index (Nifty) with positive bias.
Strategy will be buy 50% now and 50% if market sustains 5630 till 11am. Keep Stop Loss @ 5580, for target of 5680 - 5700. All the above mentioned levels are on nifty spot levels.
Since the Asian markets have been trading with a little positive bias.
Today's market can be traded with positive bias and hence we can cover the Infosys short positions (if anyone is carrying).
If market is able to sustain 5630 till 11 am, then you can trade in Index (Nifty) with positive bias.
Strategy will be buy 50% now and 50% if market sustains 5630 till 11am. Keep Stop Loss @ 5580, for target of 5680 - 5700. All the above mentioned levels are on nifty spot levels.
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