Daily nifty analysis E-4
In Friday session, Nifty has shown good strength despite no participation from heavy weight stocks like Reliance, HUL, TCS but there was good rally in banking stocks. Nifty has slowly reached the resistance level of 15875-15900. Would be very difficult for Nifty to cross this zone without heavy weights participation although pattern is strong, it might consolidate for 1-2 session.
Go long only if it crosses 15900
Short below 15825 only
Go long only if it crosses 15900
Short below 15825 only
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