Nifty made a high of 5120 low of 5037 and closed at 5049 which is 41 points down from previous close.
Nifty is trading between 5000-5170 for the past 8 trading sessions.
Nifty will go above 5170 only if there is no further hike in the coming monetary policy.
But now we can expect a move up to 5160 with in the next two sessions. Until its holding the 50DMA the short term bullishness will be intact.
So one can consider buying Nifty in between 5020-5040 with stop loss of 4990 for the target of 5110 and 5170.
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