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Hold Nifty longs with 11,290 Stop-loss
Nifty, on Tuesday, closed at the highest point of the rally which started from March 2020. Nifty has broken out from the rising wedge pattern on the daily chart, indicating the continuation of an uptrend. There is an intermediate resistance placed at 11,536 levels, which happens to be the partially-filled gap formed on February, 28, 2020. Above 11,536, Nifty would again find momentum. It would be advisable to hold on to the longs in Nifty with trailing on a stoploss basis. At present stop loss in longs should be at 11,290.
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BUY BAJAJ FINANCE
