Nifty outlook by Epic Research

Nifty closes with a Long white candle and a decisiveness as the momentum expands on the upside. A minor pullback in late hours did point to some profit booking as the final hurdle now remains the 4-month swing high that is placed at 10985.
A close above this would call in an aggressive short covering rally that can propel the momentum to upside levels of 11200 in a short while.

We remain bullish with a buy on dips approach as Bluechips will lead this momentum.

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Posted in: Indian Market Tips