Nifty short term target of 5339 will be achieved

Nifty broke out above 5250, after witnessing two days of consolidation and consistently maintained positive trend for the seventh consecutive day. On hourly, chart Nifty has bounced back after taking support at 20-HSMA and thus gave a bullish breakout from the Flag pattern. Hence we believe that our short term target of 5339 will be achieved in the coming future.

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