After Friday's spectacular rally from the lows of the day (4938), which was also the support for the share market there would be some kind of consolidation. Traders can go long at the levels of 5032 keeping a stop loss of 4991. Investors should book there partial profits keeping in mind that share market(Nifty) is at the top of the trading range or you can let your profit rid keeping a trailing stop loss.
Getting in to the market at the lower levels would benefit the trader. levels to watch out for long trade are 4938 and 4972 which have shown good support. As i have mentioned in my earlier posting, book your profits at current levels, share market (Nifty) target is at around 5144 to 5175. For any queries regarding Shares, Share market,Nifty and Sensex you can post it in the comment box and it will be answered.
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