We now have to contend with likely weakness INFOSYS once it breaks the trend line on the down side at 2800 - in view of all the wrong news coming from USA about Indian IT Cos. News will affect TCS and WIPRO also .Weakness in these three heavy weights is bound to have negative effect on Nifty Future.
Accordingly, I would not advise fresh long position and those having existing long positions must have a tight stop loss of 5440.
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