Today(19-7-10) Nifty opened at 5362 with a loss of 32 points, moved in the range 5362 - 5409 and closed at 5386 with a loss of 8 points. Nifty futures range was 5369 - 5416. Tomorrow's Agni level is at 5394, just 8 points above today's close. Therefore, cover shorts when Nifty moves above 5394 and wait for an opportunity to short at higher levels. Going long at these levels is not advisable.
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