Topic Brief: Nifty at the upper end of last 15-day range; Banks, RIL key to further upmove. Strong short-covering led moves continue, but index close to resistance zone.
Trade Setup 4 April 2022 -
Nifty at the upper end of last 15-day range; Banks, RIL key to further upmove. Strong short-covering led moves continue, but index close to resistance zone. Leveraged longs should be kept minimal while global developments play out.
Important details found
- Nifty at the upper end of last 15-day range; Banks, RIL key to further upmove.
- Strong short-covering led moves continue, but index close to resistance zone.
- Leveraged longs should be kept minimal while global developments play out.
- Watch the opening bell for the Nasdaq and the New York Stock Exchange from
- Leveraged longs imprudent; defence and soft commodity stocks may hold up.
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