We asked you to short indices on Friday. In the previous session, a sharp selling was observed in indices. Today, recovery is possible in the equity market. Positional traders can long Nifty with S/L 14200 for target 14800-14900 and Bank Nifty with S/L 30200 for target 32000. Avoid short positions at this price.
The market will remain closed on Wednesday owing to Ambedkar Jayanti.
Disclaimer: Views expressed in this newsletter are for educational purposes only.
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