Nifty View: The benchmark Nifty
decided to take a break with a marginally positive close in today’s trading session. The index managed well to sustain above 15,600 amidst a decent degree of short term volatility
. Price-wise there has been no damage to the underlying trend of the market and so one should maintain a bullish
bias, but better to buy on dips rather than chasing breakouts at this stage. The immediate support for the index is now at (15,350-15,400).
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Trade Well. Trade Wise.