Nifty: Expect some sideways movement
The Nifty had a strong up day and today most of the big and small stocks contributed to the upside. Since we have risen over a 150 point in 3 trading session, we could expect some sideways movement or a small reaction as long as the Nifty trades above 5260 – 5280 we should use these dip to go long. The only worrying thing is that the Bank Nifty has not been a big contributor to this up move; normally it is the biggest contributor to an up or down move
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