Bull regained strength as expected. Short Covering Rally due???


Nifty bounced from key support zone 11920-11900.
Now it crossed first resistance zone 11966, and heading towards higher levels.
Above 12035, short covering rally can take nifty new higher levels.
Avoid fresh short selling in market.
continue long postions as long as nifty holds 11800 support.
Regards,
Suryadev Bandari
Research Analyst

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