NIFTY 50

Updated
THE SHORT-TERM DOWNTREND MIGHT GET OVER IF WE CROSS AND SUSTAIN ABOVE THE LAST HIGH.
IT WILL BE GOOD TO CUT SHORTS FOR A WHILE AND STAY CAUTIOUS TILL EITHER 15900 OR 15600 IS CROSSED AND CLOSED ON THE DAILY CHART.
Note
NEW LONGS CAN BE INITIATED AFTER A CLOSE ABOVE 15740 FOR A TARGET OF 30-40 POINTS.
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