RECAP
Readers who went long in L&T based on our article would have minted the almighty dollar as it roared to 1672 today.
NIFTY
Nifty future will have huge resistance in 5330 to 5347 zone tomorrow.
Reversal from high resistance zone will mean nifty reversing to key support level of 5258 (there we go again :-) ).
Only if nifty is able to trade above 5365 with volumes, will bulls be able to take charge.
In such a scenario nifty will move to fibonacci confluence target of 5398 - 5411.
It promises to be a great day for intra day traders tomorrow with wild moves in the offing.
Let us see how tomorrow pans out.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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