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Kaustubh
Mar 7, 2018 8:11 PM

Nifty bounce on the cards Long

Nifty 50 IndexNSE

Description

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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