Buy Nifty 5600 call @ 80 tg 123,153 sl 40
NIFTY OUTLOOK FOR TOMORROW
The CNX Nifty jumped 106.65 points to 5,448, its highest closing level since. The index hit a high of 5,460 in intraday trade. The index hit a low of 5,318 in intraday trade.Both the Nifty and the Bank Nifty have tested major support levels and closed just above them to break such support levels . ...
Now, for any recovery to really gain ground the Nifty needs to get past the range between 5450 and 5480 with lot of buying support and fresh position build up in the derivative segment. Thus, any minor rally can see itself capped around that zone between 5500 if you see this panning out then you might see again some selling pressure start building up. Thus, use any such rally to get out of any long positions in which you got stuck, and you may also see aggressive sellers trying to push the market down once again.
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SUPPORT: 5440, 5380,5350