Nifty cmp 25575.
Trading below our previous support level 25700.
Now its in consolidation phase, as soon as it breakout this consolidation and move above 25700 , then up move begins towards new highs. Till then consolidation process continues in 25500-700 range.
Keep strict stoploss to long positions.
Long term investors keep eye on 25100-25000 zone. as long as this zone holds, major trend remains up and Buy on dip mode On.
regards,
suryadev bandari
research analyst
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