After we took over China and became the world leader in the Global financial markets, the strength keeps adding and seems to go one for long. While most of the global markets gave in to bear pressure, India is showing resilience to the prevailing bear onslaught.
While most of the markets have corrected badly we are showing strength, though we broke the 5250 support again at the opening bell, market is unrelenting to close below 5250. Value zone moves to 5294-5282, thus covering our risk in the open short trade to the full extent. Swing trade opportunities are present at the moment if NIFTY reaches between value zone and pulls down.
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