The Nifty Future is showing the sign of weakness and is moving in a narrow sideways direction and does not give any trade.The RSI, Stochastic, MACD and other indicators and oscillators indicate that the rally is poised for a correction but will wait for the confirming price action like the break of trendline and filling of gaps on the daily chart to take a short position.
The day traders can go long on it above 10405 with a stop loss of 10366 for a target of 10449 and 10464 and sell it below 10365 with a stop loss of 10384 for a target of 10323 & 10288.
The positional traders can maintain a long position above 10404 with a stop loss of 10339 for a target of 10681.
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