NIFTY Update

NIFTY testing the higher levels but would face stiff resistance at 15431 the important top on spot. The dynamics of the entire setup changes only above 15431 till then things remains neutral. Personally dint expected current prices on screen in near term. But need to respect markets and follow them. Better to chase strong large caps rather then index. Note indices still have to cross February highs to negate the neutral setup. Better to be reactive in this market rather then being pro active. Would watch the screen more closely next week.

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