We maintain our view that the indices are likely to test 18500 – 18700 / 5500 – 5570 levels based on “Flag
pattern” breakout on the Daily chart. The said pattern would only negate once indices trade below, 17335 / 5200
levels.
Hence, we reiterate our view that traders can hold on to their long positions as long as Nifty holds 5200 level.
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