The region from 58450/17450 to 58700/17530 will be tough nut to crack and the door to 56300/16700 remains open till the markets are below this zone.
Aggressive traders can add NIFTY longs with a closing SL below 16837 and 1st target at 17500.
For conservative traders, the NIFTY is in a NO TRADE ZONE till we see a 2-day consecutive close above 58700/17530 – for them, its best to look at stock-specific opportunities from the F&O space.
27 Jan 22
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