As mentioned in my weekly post, market has closed on strong note on Friday and shows potential to go up to the channel high of 5600. But considering the weakness in World markets and the coincidence of such turn dates along with small increase in Nifty Future, I am not inclined to suggest fresh long positions at higher levels. However, those willing to bet on the long side will do well to keep a Stop Loss of 5400.
One can go short below 5500 with stop loss of 5545. On the down side it will find support at 5450 and 5420.All the best
Hmmm we follow trading through this info sir . Thanq :)
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