Market is trying to take support and make move upwards and looking at the current momentum, there could be movement upwards till 5630, which will act as important resistance.
When we are going long now, it is better to exit at this levels or work with strict stop loss.
This week is very important for market direction. Market is waiting for the parliament sessions to find out whether the bills will be passed. Until the confirmation, there may not be any big movements but still for intraday, today we can see quite good momentum upwards.
You can go long on Nifty in the range of 5680-5690, with stop loss below 5660 (on spot)
for target of 5630-5650.
When we are going long now, it is better to exit at this levels or work with strict stop loss.
This week is very important for market direction. Market is waiting for the parliament sessions to find out whether the bills will be passed. Until the confirmation, there may not be any big movements but still for intraday, today we can see quite good momentum upwards.
You can go long on Nifty in the range of 5680-5690, with stop loss below 5660 (on spot)
for target of 5630-5650.
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