According to our trading strategy today intermediate trend turned up (i.e. BUY ON DIPS). So now short term and intermediate trend are up. BUT REMEMBER LONG TERM TREND IS STILL DOWN.
Since intermediate trend turned up it looks like now our dear nifty fifty will target the wall of resistance 5200 and may be after some retracement as mentioned in this link http://kolhapuritrader.blogspot.com/2011/10/inverted-head-and-shoulder-cup-and.html it will target 5350.
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