The Nifty future is in the Wave(c) of the Flat correction and will accelerate downside with a potential target of 10335. This correction on completion will see the next leg of a bullish rally to a new high.
The positional traders can sell it on bounce near 10653 with a stop loss of 10710 for the target of 10335.
The day traders can buy above 10620 with a stop loss of 10595 for the target of 10653. Sell only after it crosses 10618 and then goes below 10595 with a stop loss of 10620.
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