As given in this column on Friday - "Conservative traders can continue to look at stock specific long opportunities or wait for 48554/14362 to initiate NIFTY longs.", we have added long positions on the NIFTY.
Keep a trailing SL at 49089/14516 and remain long/add fresh longs for the initial targets of 50352/14890.
In the previous week, the markets broke key levels only to bounce back with a vengeance, so aggressive traders can remain long with a short term target of ~52300/15500.
Conservative traders can look at stock specific opportunities or take long trades on the NIFTY with a tight SL and small targets.
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