Nifty cmp 17650.
Bulls absorbed selling pressure and anytime nifty likelty to move up higher towards 17950 levels.
Avoid fresh shorts. Build long positions with stoploss below 17500.
Banks, metals, Auto, Pharma next sectors to participate in rally.
Be stock specific.
Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com
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