“On the higher side, 24,350, 24,400 are the major resistance areas. Until Nifty crosses 24,400, I think comfort would not return on the street in terms of Nifty as well as in the sectoral indices. So, 24,400 needs to cross on a weekly closing basis, then only we can see some short covering action or some follow-up buying action. Till then, sell-on-rise is the strategy for Nifty.”
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