Nifty cooled off bit from over bought zone and took support near 13130 and bounced back.
Nifty successfully breakout 13500 level and now heading towards 14000+ levels positionally.
Recent dip was a good buying opportunity for traders to enter new long positions.
Fall was corrective nature and impulsive bounce is due.
many of stocks witnessed minor correction and upmove is due and its started.
Pharma and banking stocks looks good for short term long trades.
Support 13130-13000.
Upside targets 13900-14000.
Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com
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