Basically expecting a breakout and a good rally upwards. Buy only above 1155 However, Nifty will be facing a strong resistance this week which is why there "may be" a pull back.
If Nifty retraces and begins a fresh correction then keep an approp stop loss based on your risk appetite.
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Note
Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.
No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.
*DISCLAIMER* For educational purposes only. Not a recommendation. Treat StopLoss as your best friend to get you out of troubles.
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