Nifty Future breaks the wave3 low of 10300 and declines to a new low of 10290.1 and reversed sharply near its resistance level at 10381. The RSI, in 60-min charts, has formed a positive divergence and the Stochastic is also turned positive indicating a possibility of upside correction to continue further.
The Day traders can sell it below 10380 with a stop loss of 10401 for the target of 10283 and buy it above 10401 with a stop loss of 10379 for the target of 10476.
The positional traders can follow the recommendation given yesterday.
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