As expected Nifty breached nearest support of 4400. Next support lies at 4200-4090-3980. Market will have a pull back to value zone before reaching key supports & then turn bullish again.
Trades on the long side in Nifty futures shall wait for strength. Our intraday call on Nifty futures has generated great returns. One more shorting opportunity is likely, before new strength comes into the market.
Our holding positions, Cipla stop has moved to 216.70. OBC is trailing after entry. Hold stop. As market is taking support, new signals will emerge.
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