The market is facing some resistance around 57500/17100 plus levels - but going by the cues from our NRI cousin right now, we could open well above those resistances.
If the markets manage to hold above 57542/17123 levels today, then we are in for a major booster dose for the bulls.
Conservative traders can go long on the NIFTY with a closing SL below 16912 and aggressive traders can look at stock-specific trades and BANKNIFTY.
BANKNIFTY has a lot of catching up and overtaking to do.
Remain long on the BANKNIFTY with a closing SL below 34480 and an initial target of 35722.
28 Dec 21
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