Indian stock markets are technically set for a bull run after major resistance was broken yesterday and confirmed today. I would remain long here with a sl below 5180 in nifty and 17290 in sensex. Expect nifty to target trendline resistance at 5450 and Sensex to target 18500 next. At target it will be advisable to wait for a break above it before initiating more long. Anyway the markets are still a long upside before long term target of sensex near 30000.
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