Kaustubh
Long

Nifty bounce on the cards

NSE:NIFTY   Nifty 50 Index
Nifty closed the session today almost resting on 200 SMA on daily chart .
This also happens to be long term resistance level that should turn into a strong support.

Long initiated at this level, ~ 10170, should target 10450 for short term trade with SL 10065.
This is not trend reversal at this point. Just a quick bounce.
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