Nifty call: Go long with a stop-loss at 9,455
Nifty 50 May futures (9,485)
The Nifty 50 futures contract is bouncing back from the day's low of 9,463. This move is easing the initial pressure that was created after it opened the day with a gap-down. A rise to test the 9,500-9,505 resistance region is likely now. Whether the contract breaks above this hurdle or not will decide the next move for the rest of the day.
Inability to break a...
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