With strong recovery in the markets, almost all the components of Nifty have turned up. We can go Long the Nifty futures above 4252 with a stop of 3972. As this up move will bring the whole market into clear bearish divergence on the weekly charts, we need to be watchful about weakness to exit the position.
All our open position stands closed except for Bharti, which is still in the sideways range. Hold the position with the 750.95 stop.
Happy trading.
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