Nifty Technical View:
It is now very close to the trendline support of 5930-5950 and recent bottoms at 5940.
A medium term trade would be to buy with a stoploss of 5840.
A quick trade could be to buy with a stoploss of 5920 on spot levels.
Index stocks to buy – Reliance Inds, BPCL, HDFC look interesting. Even BOB
Disclosure : Looking towards fresh longs and have advised a few now.
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