Nifty after testing new high yesterday, today facing minor profit booking. Currently, nifty took support at minor support zone 13380-13400 in the opening hour. Bulls holding short term support zone means, we can expect pull back rally to 13500 above from here. Upside trendline resistance at 13580-13600. This trendline slopping upward so resistance level can increase more day after day. Keep strict stop-loss to long positions below 13380 spot. for higher targets. Unless nifty close below crucial support 13200, avoid short selling. Regards, Suryadev Bandari Research Analyst. www.earningwave.com
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