Nifty had broken trend line last week and move downward sharply so be cautious in Long position.Nifty has Major supportof 5336 and 5288. It can touch this level in this week. if it broke that level then very sharp correction can occur.
Also if it will close above 5415 then only it will good for market and uptrend will continue toward new high.
Levels :-- Trigger level 5398 R1/R2 5440-5514 S1/S2 5323-5277
Short term Idea:--
Buy unitedphos 184 Tgt 190-99 Sl 178
Buy Tata chem 337 Tgt 344-351 Sl 330
Buy aban 869 Tgt 900-925 Sl 851
Please shPlease share your comments on what you think of market observations, market and trading in generalare your comments on what you think of market observations, market and trading in general
re
Devang
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