Yesterday, after testing 12285-12290 zone, nifty faced selling pressure and dipped to 12211 zone today. Major trend remain in upward. Hence, good time to enter long positions to participate in next leg of rally above 12300. Overall breadth positive. Bullish divergence visible in short t.f. charts.
Buy on Dips markets.
Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com
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