After two days of holiday in Indian stock market to open today again during two days international market Dow Jones get 300 point gain other Asian market also positive yesterday Dow Jones down around 130 point also NASDAQ down 33 point a correction after 3-4 days rapid gain.
Indian stock market looking open slightly higher then last closing because sgx nifty trade during last two days and it already touch 5100 and now today trading around 5040 gain of 30 point since last closing .
Market not seeing a much positive so one can sell nifty around 5070 with a stop loss of 5095 with a target of 4980.
I also advised investor if downside target achieved in last hour of trade then not to book profit just put stop loss at buying price for next week i feel nifty can break it august low again.
Nifty trend for now
Nifty current - 5040
Nifty Resistance -5100-5150
Nifty support -4985- 4920
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