After a very good global market
signal and a gap up opening, due to lack of follow up buying, NIFTY did not
sustained the higher levels and came down and fall in the range again. Today’s
close is at 6099.75. We just have to keep a close watch on NIFTY for trading. Above
6150,
one can go long for 100 points target and 50 points Stop Loss and one can
go short below 6050 for the target of 100 points and 50 points of Stop Loss.
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