Nifty is trading in a Bracket, it is the balancing time after an up move. The buying tail on Wednesday is a key reference point. Getting short in the hole caused the afternoon rally. A breakout/failure from VA offers opportunity. If opens out of balance, then the bracket extremes are key reference points. Strategy is to buy near bracket low and sell around bracket high. If opens above VAH and holds VA, then it may rise up to bracket high.
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