As we can see despite the weak opening, NIFTY managed to recover strong but closed forming a doji structure which shows indecision which indicates that bears have lost their dominance and bulls are likely to take control hence keeping SL below the demand zone on closing basis, one can go long POSITIONALLY despite weakness that might occur so plan your trades accordingly and keep watching.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.