Stocks moved up due to short covering ...
Eod chart is showing that nifty has turned its direction and trading at top of falling channel ,last candle is hammer or hanging man can not decide at this juncture because there was not an established trend . we can assume it confusing state,still it may move up or down as other indicators are still bearish at eod chart .
Gap up opening is expected with volatility ahead.banking stocks will be in focus as banking bill was approved by loksabha after removal of 1 clause..
market may move to either way after gap up....
as per red arrow or green 1...
be alerted ...
Trade in nifty futures as per these levels
Buy at / above: 5951 Targets: 5964 - 5983 - 6003 - 6022
Stoploss : 5933
Sell at / below: 5933 Targets: 5912 - 5893 - 5874 - 5855
Stoploss : 5951
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