The Nifty is exhibiting bullish signs but it will have to conquer the resistance which is placed at 5638 with good volumes. However only above 5690 will fresh longs be made. On the flip side, Nifty will be weak if it slides below 5597, the supports in which case are at 5575. Below 5575, new shorts will be formed.
Our outlook for today is that of consolidation with a bullish bias.
Our outlook for today is that of consolidation with a bullish bias.
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